Gogoro Inc. (NASDAQ:GGROW) Sees Large Drop in Short Interest

Gogoro Inc. (NASDAQ:GGROW) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 5,300 shares, a decline of 75.2% from the December 15th total of 21,400 shares. Based on an average trading volume of 48,400 shares, the days-to-cover ratio is currently 0.1 days.

Gogoro Stock Performance

Shares of GGROW traded down $0.01 during midday trading on Monday, reaching $0.02. The stock had a trading volume of 51,121 shares, compared to its average volume of 55,517. The firm has a 50 day simple moving average of $0.02 and a 200-day simple moving average of $0.04. Gogoro has a one year low of $0.01 and a one year high of $0.19.

Gogoro Company Profile

Gogoro Inc provides battery swapping services in Taiwan, India, and internationally. It also develops Swap and Go battery system that delivers full power to electric-powered two-wheelers. In addition, the company offers battery swapping technology in the form of hardware, software, and service, including Gogoro Smart Batteries, GoStation, Gogoro Network Software & Battery Management Systems, Smartscooter, GoReward, and related components and kits.