Grab Holdings Limited (NASDAQ:GRABW) Short Interest Update

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 15,700 shares, an increase of 234.0% from the February 29th total of 4,700 shares. Based on an average daily volume of 26,300 shares, the short-interest ratio is presently 0.6 days.

Grab Stock Performance

Grab stock remained flat at $0.19 during midday trading on Wednesday. 11,881 shares of the company traded hands, compared to its average volume of 26,585. Grab has a 52-week low of $0.11 and a 52-week high of $0.64. The stock’s fifty day moving average price is $0.20 and its 200-day moving average price is $0.23.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wolverine Asset Management LLC boosted its stake in Grab by 216.6% during the third quarter. Wolverine Asset Management LLC now owns 101,576 shares of the company’s stock worth $35,000 after buying an additional 69,488 shares during the period. Walleye Capital LLC purchased a new position in Grab during the third quarter worth about $102,000. Finally, Altimeter Capital Management LP purchased a new position in Grab during the fourth quarter worth about $788,000.

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.