Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,980,000 shares, a drop of 31.3% from the February 13th total of 2,880,000 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 591,600 shares, the days-to-cover ratio is currently 3.3 days.

Gogoro Trading Down 1.6 %

Shares of NASDAQ:GGR opened at $0.38 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.69 and a current ratio of 0.89. The stock has a market capitalization of $111.65 million, a price-to-earnings ratio of -0.84 and a beta of 0.61. Gogoro has a 1-year low of $0.37 and a 1-year high of $2.02. The company has a 50 day moving average price of $0.44 and a 200 day moving average price of $0.56.

Gogoro (NASDAQ:GGR) last announced its earnings results on Thursday, February 13th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.22). Gogoro had a negative return on equity of 53.23% and a negative net margin of 39.69%. The company had revenue of $73.01 million for the quarter. On average, research analysts anticipate that Gogoro will post -0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “hold” rating on shares of Gogoro in a research report on Monday, November 18th.

Institutional Trading of Gogoro

Hedge funds have recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Gogoro by 105.3% during the third quarter. State Street Corp now owns 134,806 shares of the company’s stock valued at $71,000 after acquiring an additional 69,142 shares during the period. Aspiring Ventures LLC acquired a new stake in shares of Gogoro during the fourth quarter worth approximately $495,000. JPMorgan Chase & Co. grew its position in Gogoro by 130.5% during the third quarter. JPMorgan Chase & Co. now owns 563,316 shares of the company’s stock valued at $299,000 after purchasing an additional 318,897 shares in the last quarter. Jane Street Group LLC lifted its position in Gogoro by 113.0% in the 3rd quarter. Jane Street Group LLC now owns 89,216 shares of the company’s stock worth $47,000 after buying an additional 47,336 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Gogoro during the 4th quarter valued at $42,000. 15.87% of the stock is owned by hedge funds and other institutional investors.

About Gogoro

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.