Stock Traders Purchase High Volume of Gorilla Technology Group Call Options (NASDAQ:GRRR)

Gorilla Technology Group Inc. (NASDAQ:GRRR) was the recipient of some unusual options trading on Wednesday. Stock investors purchased 12,285 call options on the stock. This represents an increase of 1,152% compared to the typical daily volume of 981 call options.

Gorilla Technology Group Stock Up 14.5 %

Shares of GRRR stock opened at $12.73 on Friday. Gorilla Technology Group has a one year low of $2.09 and a one year high of $13.58. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $5.38 and a 200 day moving average price of $3.98.

Hedge Funds Weigh In On Gorilla Technology Group

A number of hedge funds have recently made changes to their positions in the business. Highbridge Capital Management LLC acquired a new stake in shares of Gorilla Technology Group during the 2nd quarter valued at about $480,000. Vontobel Holding Ltd. bought a new position in Gorilla Technology Group during the third quarter worth about $81,000. Finally, GSA Capital Partners LLP acquired a new stake in Gorilla Technology Group during the third quarter valued at approximately $55,000. Institutional investors and hedge funds own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Northland Securities raised their price objective on Gorilla Technology Group from $9.00 to $13.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th.

Gorilla Technology Group Company Profile

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.