Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Update

Guardforce AI Co., Limited (NASDAQ:GFAI) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 977,656 shares, a drop of 37.1% from the February 26th total of 1,555,315 shares. Based on an average daily volume of 365,838 shares, the short-interest ratio is currently 2.7 days. Currently, 20.0% of the shares of the company are short sold.

Guardforce AI Price Performance

Guardforce AI stock traded down $0.01 during trading hours on Friday, reaching $0.44. 190,261 shares of the stock were exchanged, compared to its average volume of 319,645. The company has a quick ratio of 5.22, a current ratio of 5.26 and a debt-to-equity ratio of 0.01. Guardforce AI has a 52-week low of $0.38 and a 52-week high of $1.50. The firm’s 50 day moving average is $0.52 and its 200 day moving average is $0.77.

Guardforce AI announced that its Board of Directors has approved a share buyback plan on Friday, February 20th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the company to reacquire up to 55.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Guardforce AI in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Guardforce AI currently has an average rating of “Hold” and a consensus price target of $4.50.

Hedge Funds Weigh In On Guardforce AI

A hedge fund recently raised its stake in Guardforce AI stock. Renaissance Technologies LLC grew its holdings in Guardforce AI Co., Limited (NASDAQ:GFAI) by 26.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 347,700 shares of the company’s stock after purchasing an additional 71,800 shares during the quarter. Renaissance Technologies LLC owned approximately 1.65% of Guardforce AI worth $194,000 at the end of the most recent quarter. 2.04% of the stock is currently owned by institutional investors.

About Guardforce AI

Guardforce AI Limited (NASDAQ:GFAI) is a developer of AI-powered robotics and automation solutions for security, health and service applications. Its offerings include autonomous patrol robots equipped with advanced computer vision and sensor fusion capabilities, disinfection robots utilizing UV and spray systems, and last-mile delivery units, all coordinated through a proprietary cloud-based management platform. These integrated solutions enable clients to enhance physical security, improve hygiene standards and optimize operational efficiency.

Established in 2021 and publicly listed on the Nasdaq stock exchange, Guardforce AI leverages its engineering expertise in machine learning algorithms and real-time analytics to meet the evolving needs of industries such as manufacturing, logistics, retail, healthcare and public infrastructure.