Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the June 30th total of 300 shares. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Grab stock. Altimeter Capital Management LP acquired a new stake in Grab Holdings Limited (NASDAQ:GRABW) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,502,000 shares of the company’s stock, valued at approximately $788,000. Grab comprises 0.0% of Altimeter Capital Management LP’s holdings, making the stock its 11th biggest position.

Grab Stock Up 10.5 %

NASDAQ GRABW traded up $0.02 during trading hours on Thursday, reaching $0.21. The company’s stock had a trading volume of 19,360 shares, compared to its average volume of 27,342. The firm has a fifty day simple moving average of $0.18 and a 200-day simple moving average of $0.19. Grab has a 52 week low of $0.11 and a 52 week high of $0.50.

Grab Company Profile

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.