Grab Holdings Limited (NASDAQ:GRABW) Stock Short Interest Report for September

Grab Holdings Limited (NASDAQ:GRABW) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 10,743 shares, an increase of 286.9% from the September 15th total of 2,777 shares. Based on an average daily trading volume, of 64,172 shares, the days-to-cover ratio is currently 0.2 days.

Grab Stock Up 1.5%

GRABW stock traded up $0.00 during trading hours on Friday, hitting $0.02. 167,546 shares of the stock were exchanged, compared to its average volume of 34,135. Grab has a 12 month low of $0.01 and a 12 month high of $0.51. The company has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.04.

Hedge Funds Weigh In On Grab

A hedge fund recently bought a new position in Grab stock. Altimeter Capital Management LP purchased a new position in shares of Grab Holdings Limited (NASDAQ:GRABW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab accounts for about 0.0% of Altimeter Capital Management LP’s portfolio, making the stock its 18th biggest holding.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a superapp serving consumers, drivers, merchants and businesses across Southeast Asia. Its platform connects users with on-demand transportation, food and grocery delivery, package delivery and other local services.

Grab also provides digital financial services, including payments, mobile wallets, lending and other financial products for consumers, driver-partners and small businesses. Its services are available across several Southeast Asian markets, including Singapore, Malaysia, Indonesia, Thailand, Vietnam, the Philippines and Cambodia.

Grab was founded in 2012 by Anthony Tan and Tan Hooi Ling as a taxi-booking application in Malaysia before expanding into a broader regional platform.