Guardforce AI Co., Limited (NASDAQ:GFAI – Get Free Report) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 1,023,442 shares, a growth of 117.8% from the May 31st total of 469,942 shares. Currently, 18.0% of the company’s shares are short sold. Based on an average daily trading volume, of 2,423,819 shares, the short-interest ratio is presently 0.4 days.
Institutional Investors Weigh In On Guardforce AI
An institutional investor recently raised its position in Guardforce AI stock. Renaissance Technologies LLC grew its holdings in Guardforce AI Co., Limited (NASDAQ:GFAI – Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 395,200 shares of the company’s stock after purchasing an additional 47,500 shares during the period. Renaissance Technologies LLC owned approximately 1.62% of Guardforce AI worth $177,000 as of its most recent filing with the Securities & Exchange Commission. 2.04% of the stock is owned by hedge funds and other institutional investors.
Guardforce AI Stock Performance
Shares of Guardforce AI stock traded down $0.00 during mid-day trading on Wednesday, hitting $0.40. The stock had a trading volume of 200,484 shares, compared to its average volume of 1,664,685. The firm has a 50-day moving average of $0.48 and a two-hundred day moving average of $0.53. Guardforce AI has a 12-month low of $0.35 and a 12-month high of $1.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.31 and a current ratio of 5.32.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on GFAI shares. Wall Street Zen upgraded Guardforce AI from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Weiss Ratings upgraded Guardforce AI from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Guardforce AI currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on GFAI
About Guardforce AI
Guardforce AI Limited (NASDAQ:GFAI) is a developer of AI-powered robotics and automation solutions for security, health and service applications. Its offerings include autonomous patrol robots equipped with advanced computer vision and sensor fusion capabilities, disinfection robots utilizing UV and spray systems, and last-mile delivery units, all coordinated through a proprietary cloud-based management platform. These integrated solutions enable clients to enhance physical security, improve hygiene standards and optimize operational efficiency.
Established in 2021 and publicly listed on the Nasdaq stock exchange, Guardforce AI leverages its engineering expertise in machine learning algorithms and real-time analytics to meet the evolving needs of industries such as manufacturing, logistics, retail, healthcare and public infrastructure.
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