Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 19,400 shares, a growth of 397.4% from the October 15th total of 3,900 shares. Based on an average daily trading volume, of 30,700 shares, the short-interest ratio is presently 0.6 days.

Grab Stock Up 6.6 %

Shares of GRABW stock traded up $0.03 during trading hours on Wednesday, hitting $0.53. The company’s stock had a trading volume of 300,520 shares, compared to its average volume of 32,149. The business has a fifty day moving average of $0.24 and a 200-day moving average of $0.20. Grab has a twelve month low of $0.11 and a twelve month high of $0.55.

Hedge Funds Weigh In On Grab

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 second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 302,710 shares of the company’s stock, valued at approximately $49,000.

About Grab

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.