Guardforce AI Co., Limited (NASDAQ:GFAI) Sees Large Decline in Short Interest

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 506,500 shares, a drop of 6.0% from the May 31st total of 538,900 shares. Approximately 6.4% of the shares of the company are sold short. Based on an average daily trading volume, of 145,100 shares, the days-to-cover ratio is presently 3.5 days.

Guardforce AI Trading Down 0.9 %

Shares of Guardforce AI stock traded down $0.02 on Wednesday, hitting $2.22. 40,748 shares of the company’s stock were exchanged, compared to its average volume of 292,056. The company has a current ratio of 2.22, a quick ratio of 2.19 and a debt-to-equity ratio of 0.01. Guardforce AI has a 1 year low of $2.04 and a 1 year high of $9.90. The company has a 50-day simple moving average of $2.67 and a 200-day simple moving average of $2.97.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Murchinson Ltd. acquired a new stake in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI as of its most recent SEC filing. Hedge funds and other institutional investors own 2.04% of the company’s stock.

Guardforce AI Company Profile

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.