Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Down 37.1% in March

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 977,656 shares, a drop of 37.1% from the February 26th total of 1,555,315 shares. Based on an average daily trading volume, of 365,838 shares, the days-to-cover ratio is currently 2.7 days. Currently, 20.0% of the shares of the company are sold short.

Institutional Trading of Guardforce AI

A hedge fund recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC boosted its position in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,700 shares of the company’s stock after buying an additional 71,800 shares during the quarter. Renaissance Technologies LLC owned 1.65% of Guardforce AI worth $194,000 at the end of the most recent quarter. 2.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Guardforce AI in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Guardforce AI currently has an average rating of “Hold” and an average target price of $4.50.

Guardforce AI Trading Down 5.4%

Shares of GFAI stock opened at $0.45 on Friday. Guardforce AI has a 1 year low of $0.38 and a 1 year high of $1.50. The stock has a fifty day moving average of $0.53 and a two-hundred day moving average of $0.78. The company has a current ratio of 5.26, a quick ratio of 5.22 and a debt-to-equity ratio of 0.01.

Guardforce AI declared that its Board of Directors has initiated a share repurchase plan on Friday, February 20th that permits the company to buyback $5.00 million in shares. This buyback authorization permits the company to purchase up to 55.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

About Guardforce AI

Guardforce AI Limited (NASDAQ:GFAI) is a developer of AI-powered robotics and automation solutions for security, health and service applications. Its offerings include autonomous patrol robots equipped with advanced computer vision and sensor fusion capabilities, disinfection robots utilizing UV and spray systems, and last-mile delivery units, all coordinated through a proprietary cloud-based management platform. These integrated solutions enable clients to enhance physical security, improve hygiene standards and optimize operational efficiency.

Established in 2021 and publicly listed on the Nasdaq stock exchange, Guardforce AI leverages its engineering expertise in machine learning algorithms and real-time analytics to meet the evolving needs of industries such as manufacturing, logistics, retail, healthcare and public infrastructure.