Gogoro Inc. (NASDAQ:GGR) Sees Significant Increase in Short Interest

by · The Cerbat Gem

Gogoro Inc. (NASDAQ:GGR – Get Free Report) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 3,360,000 shares, a growth of 15.9% from the September 15th total of 2,900,000 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is presently 2.8 days.

Gogoro Price Performance

Shares of NASDAQ GGR traded up $0.03 during midday trading on Wednesday, reaching $0.59. The stock had a trading volume of 2,077,008 shares, compared to its average volume of 573,825. The company has a market capitalization of $144.43 million, a price-to-earnings ratio of -2.67 and a beta of 0.36. Gogoro has a 12-month low of $0.48 and a 12-month high of $2.90. The stock has a 50-day moving average of $0.93 and a 200-day moving average of $1.32. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.19 and a current ratio of 1.46.

Gogoro (NASDAQ:GGR – Get Free Report) last issued its quarterly earnings results on Thursday, August 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. Gogoro had a negative return on equity of 33.04% and a negative net margin of 19.11%. The business had revenue of $80.94 million during the quarter.

Institutional Trading of Gogoro

A hedge fund recently bought a new stake in Gogoro stock. Senator Investment Group LP bought a new stake in shares of Gogoro Inc. (NASDAQ:GGR – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,350,000 shares of the company’s stock, valued at approximately $2,079,000. Senator Investment Group LP owned approximately 0.55% of Gogoro as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 15.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Benchmark cut Gogoro from a “buy” rating to a “hold” rating in a research report on Monday, August 19th.

Read Our Latest Research Report on GGR

Gogoro Company Profile

(Get Free Report)

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.

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