Gogoro Inc. (NASDAQ:GGR) Sees Large Decrease in Short Interest

Gogoro Inc. (NASDAQ:GGR) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 54,280 shares, a decline of 43.5% from the December 31st total of 96,150 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 17,229 shares, the short-interest ratio is presently 3.2 days. Based on an average trading volume of 17,229 shares, the short-interest ratio is presently 3.2 days. Currently, 0.4% of the company’s stock are sold short.

Gogoro Price Performance

NASDAQ GGR traded down $0.03 during midday trading on Friday, hitting $3.10. The company had a trading volume of 2,818 shares, compared to its average volume of 13,579. The company has a market capitalization of $45.79 million, a PE ratio of -0.34 and a beta of 0.92. The firm has a 50-day moving average price of $3.43 and a 200-day moving average price of $5.06. Gogoro has a twelve month low of $2.72 and a twelve month high of $10.15. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.62.

Gogoro (NASDAQ:GGR) last announced its quarterly earnings data on Tuesday, November 11th. The company reported ($1.01) EPS for the quarter. The firm had revenue of $77.65 million for the quarter. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%. As a group, analysts anticipate that Gogoro will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GGR. Jane Street Group LLC grew its stake in Gogoro by 81.1% during the first quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock worth $103,000 after purchasing an additional 171,273 shares during the period. GSA Capital Partners LLP lifted its position in Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock valued at $233,000 after acquiring an additional 503,624 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Gogoro by 9.5% in the third quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock valued at $54,000 after purchasing an additional 15,749 shares in the last quarter. 15.87% of the stock is owned by institutional investors.

About Gogoro

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro’s business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.