Guardforce AI Co., Limited (NASDAQ:GFAI) Sees Significant Decrease in Short Interest

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 154,200 shares, a drop of 59.5% from the October 15th total of 380,700 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily volume of 301,900 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Separately, EF Hutton Acquisition Co. I upgraded shares of Guardforce AI to a “strong-buy” rating in a research note on Tuesday, October 1st.

Institutional Trading of Guardforce AI

An institutional investor recently bought a new position in Guardforce AI stock. Murchinson Ltd. purchased a new stake in Guardforce AI Co., Limited (NASDAQ:GFAI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,700 shares of the company’s stock, valued at approximately $102,000. Murchinson Ltd. owned about 0.28% of Guardforce AI as of its most recent SEC filing. Institutional investors and hedge funds own 2.04% of the company’s stock.

Guardforce AI Trading Down 3.6 %

Shares of NASDAQ:GFAI traded down $0.04 on Friday, reaching $1.06. 78,575 shares of the company traded hands, compared to its average volume of 280,664. Guardforce AI has a fifty-two week low of $1.00 and a fifty-two week high of $4.30. The company’s 50 day moving average is $1.14 and its 200-day moving average is $1.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.42 and a quick ratio of 3.36.

About Guardforce AI

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.