While this happened, Cantor Fitzgerald initiated its Gorilla Technology Group Inc [GRRR] rating to an Overweight in a research note published on July 26, 2023; the price target was $4.80.
Price Performance Review of GRRR
On Tuesday, Gorilla Technology Group Inc [NASDAQ:GRRR] saw its stock fall -13.85% to $16.98. Over the last five days, the stock has lost -24.23%. Gorilla Technology Group Inc shares have fallen nearly -5.98% since the year began. Nevertheless, the stocks have risen 192.25% over the past one year. While a 52-week high of $25.88 was reached on 01/03/25, a 52-week low of $2.09 was recorded on 01/07/25. SMA at 50 days reached $8.58, while 200 days put it at $5.35.
Levels Of Support And Resistance For GRRR Stock
The 24-hour chart illustrates a support level at 15.42, which if violated will result in even more drops to 13.87. On the upside, there is a resistance level at 19.12. A further resistance level may holdings at 21.27. The Relative Strength Index (RSI) on the 14-day chart is 57.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.32, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 52.14%. Stochastics %K at 66.23% indicates the stock is a holding.
How much short interest is there in Gorilla Technology Group Inc?
A steep rise in short interest was recorded in Gorilla Technology Group Inc stocks on 2024-12-13, growing by 0.81 million shares to a total of 1.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.75 million shares. There was a rise of 52.14%, which implies that there is a positive sentiment for the stock.
