Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR) was the recipient of a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 3,360,000 shares, a decline of 6.1% from the November 15th total of 3,580,000 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 1.9 days.

Gogoro Trading Down 3.3 %

Shares of GGR stock traded down $0.02 during trading hours on Monday, hitting $0.58. 480,050 shares of the company’s stock traded hands, compared to its average volume of 647,357. The company has a quick ratio of 1.02, a current ratio of 1.29 and a debt-to-equity ratio of 1.32. Gogoro has a 12 month low of $0.40 and a 12 month high of $2.69. The stock has a market cap of $171.14 million, a PE ratio of -1.81 and a beta of 0.61. The stock’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $1.00.

Institutional Investors Weigh In On Gogoro

Institutional investors have recently made changes to their positions in the stock. Senator Investment Group LP acquired a new position in Gogoro in the second quarter valued at approximately $2,079,000. State Street Corp lifted its position in shares of Gogoro by 105.3% during the 3rd quarter. State Street Corp now owns 134,806 shares of the company’s stock valued at $71,000 after acquiring an additional 69,142 shares during the period. Jane Street Group LLC boosted its stake in Gogoro by 113.0% during the third quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after acquiring an additional 47,336 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Gogoro by 76.7% during the second quarter. Renaissance Technologies LLC now owns 93,100 shares of the company’s stock worth $143,000 after acquiring an additional 40,400 shares in the last quarter. Institutional investors own 15.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Benchmark reissued a “hold” rating on shares of Gogoro in a research note on Monday, November 18th. Citigroup reiterated a “neutral” rating and issued a $0.50 price target (down from $2.30) on shares of Gogoro in a research note on Friday, November 15th.

About Gogoro

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.