Short Interest in Gorilla Technology Group Inc. (NASDAQ:GRRR) Grows By 11.2%

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 515,200 shares, an increase of 11.2% from the May 31st total of 463,400 shares. Currently, 6.2% of the company’s stock are short sold. Based on an average daily volume of 411,000 shares, the days-to-cover ratio is presently 1.3 days.

Gorilla Technology Group Price Performance

Shares of GRRR traded down $0.11 on Monday, reaching $2.66. 120,288 shares of the company’s stock traded hands, compared to its average volume of 415,204. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.43. The stock’s 50 day simple moving average is $4.80 and its two-hundred day simple moving average is $6.16. Gorilla Technology Group has a 52-week low of $2.50 and a 52-week high of $69.80.

About Gorilla Technology Group

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.