Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Down 27.7% in February

Guardforce AI Co., Limited (NASDAQ:GFAI) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 983,600 shares, a decrease of 27.7% from the February 13th total of 1,360,000 shares. Based on an average trading volume of 3,230,000 shares, the short-interest ratio is presently 0.3 days. Approximately 5.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Guardforce AI

Several institutional investors and hedge funds have recently made changes to their positions in GFAI. Renaissance Technologies LLC raised its position in shares of Guardforce AI by 305.5% during the 4th quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $138,000 after acquiring an additional 72,700 shares in the last quarter. Millennium Management LLC bought a new position in Guardforce AI during the 4th quarter worth $36,000. Virtu Financial LLC bought a new position in Guardforce AI during the 4th quarter worth $35,000. Finally, Squarepoint Ops LLC bought a new position in Guardforce AI during the 4th quarter worth $27,000. 2.04% of the stock is owned by institutional investors and hedge funds.

Guardforce AI Stock Performance

Shares of GFAI stock traded up $0.06 on Friday, hitting $1.06. 337,737 shares of the stock traded hands, compared to its average volume of 1,018,844. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.36 and a current ratio of 3.42. Guardforce AI has a 1-year low of $0.94 and a 1-year high of $4.30. The company’s fifty day moving average is $1.57 and its 200 day moving average is $1.34.

About Guardforce AI

Guardforce AI Co, Limited offers cash solutions and cash handling services in Thailand. The company operates through four segments: Secured Logistics Business, General Security Solutions, Robotics Solution Business, and Information Security Business. Its services include cash-in-transit, vehicles to banks, ATM management, cash center operations, cash processing, coin processing, consolidate cash center, and cheque center services, as well as cash deposit machine solutions, such as cash deposit management and express cash services.