Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 3,054 shares, an increase of 1,870.3% from the August 15th total of 155 shares. Based on an average trading volume of 37,805 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Grab

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

Grab Price Performance

GRABW stock opened at $0.02 on Friday. The stock’s 50 day simple moving average is $0.03 and its 200 day simple moving average is $0.06. Grab has a 12-month low of $0.01 and a 12-month high of $0.58.

Grab Company Profile

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.