Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGR) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 54,280 shares, a drop of 43.5% from the December 31st total of 96,150 shares. Based on an average trading volume of 17,229 shares, the days-to-cover ratio is currently 3.2 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 17,229 shares, the days-to-cover ratio is currently 3.2 days.

Analyst Ratings Changes

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

Gogoro Trading Down 1.0%

NASDAQ GGR traded down $0.03 on Friday, hitting $3.10. 2,818 shares of the company were exchanged, compared to its average volume of 13,579. The company has a debt-to-equity ratio of 2.62, a current ratio of 0.95 and a quick ratio of 0.77. Gogoro has a twelve month low of $2.72 and a twelve month high of $10.15. The firm has a market capitalization of $45.78 million, a P/E ratio of -0.34 and a beta of 0.92. The company’s 50 day moving average price is $3.43 and its 200-day moving average price is $5.06.

Gogoro (NASDAQ:GGR) last issued its quarterly earnings results on Tuesday, November 11th. The company reported ($1.01) EPS for the quarter. Gogoro had a negative net margin of 47.07% and a negative return on equity of 80.94%. The firm had revenue of $77.65 million during the quarter. Analysts predict that Gogoro will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gogoro

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

About Gogoro

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.