Grab Holdings Limited (NASDAQ:GRABW) Sees Significant Decline in Short Interest
by Renee Jackson · The Cerbat GemGrab Holdings Limited (NASDAQ:GRABW – Get Free Report) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 6,900 shares, a decline of 80.9% from the November 30th total of 36,100 shares. Based on an average daily volume of 62,200 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Grab
An institutional investor recently bought a new position in Grab stock. Cowen AND Company LLC bought a new position in Grab Holdings Limited (NASDAQ:GRABW – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 302,710 shares of the company’s stock, valued at approximately $49,000.
Grab Stock Performance
Shares of GRABW traded up $0.00 during trading hours on Thursday, hitting $0.45. The stock had a trading volume of 35,457 shares, compared to its average volume of 37,037. Grab has a 12 month low of $0.14 and a 12 month high of $0.57. The stock has a fifty day moving average price of $0.42 and a 200 day moving average price of $0.27.
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.