Grab Holdings Limited (NASDAQ:GRABW – Get Free Report) was the recipient of a large increase in short interest during the month of 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 trading volume of 64,172 shares, the days-to-cover ratio is presently 0.2 days.
Grab Stock Performance
Shares of GRABW stock opened at $0.02 on Tuesday. The firm’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.04. Grab has a one year low of $0.01 and a one year high of $0.51.
Institutional Trading of 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 – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 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.
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