Gogoro Inc. (NASDAQ:GGR) Short Interest Update

Gogoro Inc. (NASDAQ:GGRGet Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 2,090,000 shares, a decline of 12.9% from the February 29th total of 2,400,000 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 235,300 shares, the days-to-cover ratio is presently 8.9 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised Gogoro from an “underweight” rating to a “neutral” rating and set a $2.20 price target on the stock in a research report on Wednesday, December 13th.

View Our Latest Analysis on Gogoro

Institutional Investors Weigh In On Gogoro

Several institutional investors and hedge funds have recently added to or reduced their stakes in GGR. First Trust Advisors LP bought a new stake in Gogoro during the third quarter worth $5,959,000. JPMorgan Chase & Co. lifted its stake in Gogoro by 37.2% during the fourth quarter. JPMorgan Chase & Co. now owns 231,330 shares of the company’s stock worth $736,000 after purchasing an additional 62,770 shares during the last quarter. Pathstone Holdings LLC bought a new stake in Gogoro during the fourth quarter worth $156,000. BlackRock Inc. lifted its stake in shares of Gogoro by 1,344.3% in the 3rd quarter. BlackRock Inc. now owns 62,190 shares of the company’s stock valued at $234,000 after acquiring an additional 57,884 shares during the last quarter. Finally, Northern Trust Corp bought a new position in shares of Gogoro in the 4th quarter valued at $114,000. 15.87% of the stock is currently owned by institutional investors.

Gogoro Trading Down 1.1 %

Shares of NASDAQ:GGR opened at $1.82 on Tuesday. The company has a market capitalization of $444.44 million, a P/E ratio of -5.69 and a beta of 0.39. Gogoro has a 1 year low of $1.21 and a 1 year high of $4.05. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.24 and a quick ratio of 1.00. The business’s 50 day simple moving average is $1.80 and its 200 day simple moving average is $2.29.

Gogoro (NASDAQ:GGRGet Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.10). The company had revenue of $91.53 million for the quarter, compared to analyst estimates of $89.01 million. Gogoro had a negative return on equity of 35.89% and a negative net margin of 21.97%. On average, research analysts anticipate that Gogoro will post -0.14 EPS for the current fiscal year.

Gogoro Company Profile

(Get Free Report)

Gogoro Inc delivers and markets swappable electric fuel and intelligent light urban vehicles. It also operates platform for battery swapping networks, and a comprehensive ecosystem of enabling technologies for the vehicles, as well as develops smart Swap and Go battery system that delivers full power to electric-powered two-wheelers.

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