Short Interest in Gogoro Inc. (NASDAQ:GGR) Increases By 16.5%

Gogoro Inc. (NASDAQ:GGR) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 57,573 shares, a growth of 16.5% from the February 12th total of 49,402 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 11,518 shares, the short-interest ratio is presently 5.0 days. Based on an average trading volume of 11,518 shares, the short-interest ratio is presently 5.0 days. Approximately 0.4% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Gogoro in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Gogoro Price Performance

Shares of NASDAQ:GGR opened at $3.41 on Thursday. The company has a debt-to-equity ratio of 2.75, a quick ratio of 0.60 and a current ratio of 0.77. Gogoro has a 52 week low of $2.72 and a 52 week high of $8.68. The firm has a market cap of $50.37 million, a PE ratio of -0.63 and a beta of 0.90. The firm’s fifty day moving average is $3.25 and its 200-day moving average is $4.16.

Gogoro (NASDAQ:GGR) last posted its quarterly earnings data on Thursday, February 12th. The company reported ($1.41) EPS for the quarter. The company had revenue of $74.40 million during the quarter. Gogoro had a negative return on equity of 53.99% and a negative net margin of 28.71%. Sell-side analysts predict that Gogoro will post -0.12 earnings per share for the current year.

Hedge Funds Weigh In On Gogoro

Hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP lifted its stake in shares of Gogoro by 185.8% in the 3rd quarter. GSA Capital Partners LLP now owns 774,659 shares of the company’s stock valued at $233,000 after purchasing an additional 503,624 shares during the period. Jane Street Group LLC grew its stake in Gogoro by 81.1% during the first quarter. Jane Street Group LLC now owns 382,394 shares of the company’s stock worth $103,000 after purchasing an additional 171,273 shares during the period. Finally, Citadel Advisors LLC increased its holdings in Gogoro by 9.5% in the third quarter. Citadel Advisors LLC now owns 181,126 shares of the company’s stock worth $54,000 after purchasing an additional 15,749 shares in the last quarter. Institutional investors own 15.87% of the company’s stock.

Gogoro Company Profile

Gogoro Inc is a Taiwan-based technology company specializing in electric two-wheeler vehicles and battery-swapping infrastructure. Founded in 2011 by Horace Luke and Matt Taylor, the company pioneered the concept of a large-scale, on-demand battery-as-a-service (BaaS) network. Its flagship offering, the Gogoro Smartscooter, integrates a lightweight, high-performance electric drivetrain with a modular battery pack designed to be exchanged at convenient swap stations.

The core of Gogoro’s business is the Gogoro Energy Network, a proprietary system of battery-swapping stations that allows riders to quickly exchange depleted batteries for fully charged ones.