Short Interest in Guardforce AI Co., Limited (NASDAQ:GFAI) Rises By 12.6%

Guardforce AI Co., Limited (NASDAQ:GFAIGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 538,900 shares, a growth of 12.6% from the May 15th total of 478,800 shares. Based on an average daily volume of 226,200 shares, the short-interest ratio is currently 2.4 days. Approximately 6.8% of the shares of the company are sold short.

Institutional Investors Weigh In On Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Murchinson Ltd. purchased a new stake in shares of Guardforce AI Co., Limited (NASDAQ:GFAIFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned approximately 0.28% of Guardforce AI at the end of the most recent reporting period. Institutional investors and hedge funds own 2.04% of the company’s stock.

Guardforce AI Stock Performance

GFAI traded down $0.02 during midday trading on Friday, reaching $2.35. The company had a trading volume of 74,294 shares, compared to its average volume of 85,862. The business has a 50-day moving average of $2.88 and a two-hundred day moving average of $3.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.19 and a current ratio of 2.22. Guardforce AI has a 1 year low of $2.04 and a 1 year high of $9.90.

Guardforce AI Company Profile

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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.

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