Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Drops By 90.0%

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 700 shares, a drop of 90.0% from the March 15th total of 7,000 shares. Based on an average daily trading volume, of 62,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Grab

A hedge fund recently raised its stake in Grab stock. LMR Partners LLP raised its stake in shares of Grab Holdings Limited (NASDAQ:GRABW) by 3.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,938,816 shares of the company’s stock after purchasing an additional 106,338 shares during the period. LMR Partners LLP’s holdings in Grab were worth $1,198,000 at the end of the most recent quarter.

Grab Stock Performance

GRABW traded up $0.01 during trading on Tuesday, reaching $0.33. 37,157 shares of the company’s stock were exchanged, compared to its average volume of 46,316. The company’s fifty day simple moving average is $0.47 and its 200-day simple moving average is $0.42. Grab has a 1 year low of $0.15 and a 1 year high of $0.84.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.