Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Expands By 25.8%

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totalling 3,900 shares, an increase of 25.8% from the September 30th total of 3,100 shares. Based on an average trading volume of 27,500 shares, the days-to-cover ratio is presently 0.1 days.

Grab Price Performance

Shares of GRABW stock remained flat at $0.31 during trading on Wednesday. The stock had a trading volume of 14,753 shares, compared to its average volume of 27,962. Grab has a 52 week low of $0.11 and a 52 week high of $0.32. The business’s 50 day moving average is $0.21 and its two-hundred day moving average is $0.19.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC acquired a new stake in shares of Grab Holdings Limited (NASDAQ:GRABW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 302,710 shares of the company’s stock, valued at approximately $49,000.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.