Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 7,414 shares, a decrease of 42.2% from the June 30th total of 12,835 shares. Based on an average daily volume of 21,949 shares, the short-interest ratio is currently 0.3 days.
Grab Trading Up 0.4%
Shares of NASDAQ GRABW traded up $0.00 during trading on Wednesday, reaching $0.02. The company had a trading volume of 28,077 shares, compared to its average volume of 32,772. The business’s 50 day moving average price is $0.04 and its 200-day moving average price is $0.11. Grab has a 52 week low of $0.02 and a 52 week high of $0.58.
Institutional Investors Weigh In On Grab
A hedge fund recently bought a new stake in Grab stock. Altimeter Capital Management LP bought a new stake in Grab Holdings Limited (NASDAQ:GRABW – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab makes up about 0.0% of Altimeter Capital Management LP’s investment portfolio, making the stock its 18th largest position.
About Grab
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.
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