Grab Holdings Limited (NASDAQ:GRAB) Short Interest Up 12.3% in January

Grab Holdings Limited (NASDAQ:GRAB) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 110,250,000 shares, a growth of 12.3% from the December 31st total of 98,200,000 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily volume of 35,020,000 shares, the short-interest ratio is currently 3.1 days.

Grab Trading Down 0.9 %

Shares of GRAB traded down $0.04 during trading hours on Monday, hitting $4.54. 20,563,032 shares of the stock were exchanged, compared to its average volume of 24,194,771. The firm has a market capitalization of $18.28 billion, a P/E ratio of -227.00, a price-to-earnings-growth ratio of 1.91 and a beta of 0.90. Grab has a fifty-two week low of $2.98 and a fifty-two week high of $5.72. The business has a 50-day moving average of $4.85 and a 200-day moving average of $4.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.67.

Grab (NASDAQ:GRAB) last posted its quarterly earnings data on Monday, November 11th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $716.00 million during the quarter, compared to the consensus estimate of $705.40 million. Grab had a negative net margin of 3.57% and a negative return on equity of 1.50%. During the same quarter last year, the company posted ($0.02) earnings per share. On average, research analysts expect that Grab will post -0.02 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GRAB. Daiwa Capital Markets started coverage on Grab in a report on Wednesday, October 23rd. They issued an “outperform” rating and a $4.60 price target on the stock. Mizuho raised their price objective on Grab from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Wednesday, November 13th. Benchmark restated a “buy” rating and set a $6.00 target price on shares of Grab in a research note on Tuesday, November 12th. HSBC cut Grab from a “buy” rating to a “hold” rating and lifted their price target for the company from $4.25 to $5.50 in a report on Thursday, December 5th. Finally, China Renaissance cut Grab from a “buy” rating to a “hold” rating and set a $5.40 target price on the stock. in a report on Thursday, November 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $5.55.

Institutional Trading of Grab

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new stake in Grab in the 4th quarter worth approximately $30,000. Blue Trust Inc. lifted its position in Grab by 53.6% in the third quarter. Blue Trust Inc. now owns 9,767 shares of the company’s stock worth $35,000 after buying an additional 3,408 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in Grab in the third quarter worth $41,000. SeaBridge Investment Advisors LLC bought a new stake in Grab in the fourth quarter worth $48,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in Grab in the fourth quarter worth $49,000. Institutional investors own 55.52% of the company’s stock.

Grab Company Profile

Grab Holdings Limited engages in the provision of superapps in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. The company offers its Grab ecosystem, a single platform with superapps for driver- and merchant-partners and consumers, that allows access to mobility, delivery, digital financial services, and enterprise sector offerings.