Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Grows By 176.3%

Grab Holdings Limited (NASDAQ:GRABW) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 10,500 shares, a growth of 176.3% from the August 31st total of 3,800 shares. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is presently 0.2 days.

Grab Price Performance

Shares of GRABW opened at $0.48 on Friday. The company’s fifty day moving average is $0.43 and its two-hundred day moving average is $0.41. Grab has a 1 year low of $0.17 and a 1 year high of $0.84.

Hedge Funds Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Aristeia Capital L.L.C. acquired a new stake in Grab Holdings Limited (NASDAQ:GRABW) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 210,873 shares of the company’s stock, valued at approximately $90,000.

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.