Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Expands By 93.4%

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 14,339 shares, a growth of 93.4% from the July 15th total of 7,414 shares. Based on an average daily volume of 35,559 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Grab

An institutional investor recently bought a new position in Grab stock. Altimeter Capital Management LP purchased a new stake in shares of Grab Holdings Limited (NASDAQ:GRABW) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab makes up approximately 0.0% of Altimeter Capital Management LP’s investment portfolio, making the stock its 18th biggest position.

Grab Price Performance

GRABW traded down $0.00 during trading on Monday, reaching $0.02. The stock had a trading volume of 97,861 shares, compared to its average volume of 32,720. The stock’s 50 day moving average is $0.04 and its two-hundred day moving average is $0.08. Grab has a one year low of $0.02 and a one year high of $0.58.

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.