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

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 4,731 shares, a decrease of 56.0% from the September 30th total of 10,743 shares. Based on an average daily volume of 64,389 shares, the days-to-cover ratio is presently 0.1 days.

Grab Stock Performance

Shares of GRABW stock traded down $0.00 during trading on Friday, hitting $0.01. 74,259 shares of the company were exchanged, compared to its average volume of 37,224. The business’s 50-day simple moving average is $0.02 and its 200 day simple moving average is $0.07. Grab has a twelve month low of $0.00 and a twelve month high of $0.47.

Grab Company Profile

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.