Grab Holdings Limited (NASDAQ:GRABW) Stock Short Interest Drops 56.0%

Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,731 shares, a decline of 56.0% from the September 30th total of 10,743 shares. Based on an average trading volume of 64,389 shares, the short-interest ratio is currently 0.1 days.

Grab Price Performance

Shares of GRABW stock traded down $0.00 during trading hours on Friday, reaching $0.01. 74,259 shares of the company were exchanged, compared to its average volume of 37,224. Grab has a fifty-two week low of $0.00 and a fifty-two week high of $0.47. The stock’s fifty day moving average is $0.02 and its two-hundred day moving average is $0.08.

Grab Company Profile

(Get Free Report)

Grab Holdings Inc is a technology company that operates a superapp serving consumers, drivers, merchants and financial-service users across Southeast Asia. The company’s platform connects users with on-demand transportation, food and grocery delivery, package delivery and other everyday services.

Grab’s mobility offerings include ride-hailing and taxi-booking services, while its deliveries business supports food, grocery and parcel fulfillment through the Grab app. The company also provides digital financial services in selected markets, including payments, lending, insurance and other financial products for consumers, driver-partners and small businesses.

Founded in Malaysia in 2012 as MyTeksi, Grab expanded its operations across Southeast Asia and is headquartered in Singapore.

Recommended Stories

Receive News & Ratings for Grab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grab and related companies with MarketBeat.com's FREE daily email newsletter.