Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 155 shares, a decline of 98.9% from the July 30th total of 14,339 shares. Based on an average trading volume of 25,637 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Grab stock. Altimeter Capital Management LP bought a new stake in Grab Holdings Limited (NASDAQ:GRABW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab accounts for about 0.0% of Altimeter Capital Management LP’s holdings, making the stock its 18th largest position.

Grab Price Performance

Shares of GRABW stock traded down $0.00 during trading hours on Tuesday, reaching $0.02. 43,792 shares of the company were exchanged, compared to its average volume of 33,096. Grab has a fifty-two week low of $0.01 and a fifty-two week high of $0.58. The stock’s fifty day moving average is $0.03 and its two-hundred day moving average is $0.07.

About Grab

Grab Holdings Inc (NASDAQ: GRABW) is a leading technology company in Southeast Asia that operates a super-app offering a range of on-demand services. Its platform connects consumers, merchants and drivers through mobile applications for ride-hailing, food delivery, parcel and grocery delivery, and digital payments. Leveraging a network of drivers, merchants and logistic partners, Grab aims to provide integrated everyday services across the region.

Founded in 2012 by Anthony Tan and Tan Hooi Ling and headquartered in Singapore, Grab has expanded rapidly through both organic growth and strategic acquisitions.