Short Interest in Grab Holdings Limited (NASDAQ:GRABW) Declines By 98.9%

Grab Holdings Limited (NASDAQ:GRABW) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 155 shares, a decline of 98.9% from the July 30th total of 14,339 shares. Based on an average daily trading volume, of 25,637 shares, the short-interest ratio is presently 0.0 days.

Grab Trading Down 10.6%

NASDAQ GRABW traded down $0.00 during trading hours on Tuesday, hitting $0.02. The company’s stock had a trading volume of 43,792 shares, compared to its average volume of 33,096. The stock has a fifty day moving average of $0.03 and a 200 day moving average of $0.07. Grab has a twelve month low of $0.01 and a twelve month high of $0.58.

Institutional Trading of Grab

An institutional investor recently bought a new position in Grab stock. Altimeter Capital Management LP bought a new position in Grab Holdings Limited (NASDAQ:GRABW) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,502,000 shares of the company’s stock, valued at approximately $1,030,000. Grab accounts for 0.0% of Altimeter Capital Management LP’s investment portfolio, making the stock its 18th largest holding.

About Grab

Grab Holdings Inc (NASDAQ: GRABW) is a leading technology company in Southeast Asia that operates a super-app offering a range of on-demand services. Its platform connects consumers, merchants and drivers through mobile applications for ride-hailing, food delivery, parcel and grocery delivery, and digital payments. Leveraging a network of drivers, merchants and logistic partners, Grab aims to provide integrated everyday services across the region.

Founded in 2012 by Anthony Tan and Tan Hooi Ling and headquartered in Singapore, Grab has expanded rapidly through both organic growth and strategic acquisitions.