Anson Funds Management LP Grows Stock Position in Gorilla Technology Group Inc. (NASDAQ:GRRR)

Anson Funds Management LP lifted its holdings in shares of Gorilla Technology Group Inc. (NASDAQ:GRRR - Free Report) by 3,360.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company's stock after acquiring an additional 582,661 shares during the quarter. Gorilla Technology Group makes up 1.1% of Anson Funds Management LP's portfolio, making the stock its 17th biggest position. Anson Funds Management LP owned 3.25% of Gorilla Technology Group worth $10,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GRRR. Transcendent Capital Group LLC bought a new stake in shares of Gorilla Technology Group in the 4th quarter worth approximately $72,000. SBI Securities Co. Ltd. purchased a new stake in shares of Gorilla Technology Group during the 4th quarter valued at about $1,389,000. Commonwealth Equity Services LLC raised its position in Gorilla Technology Group by 41.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 39,991 shares of the company's stock worth $722,000 after acquiring an additional 11,663 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in Gorilla Technology Group during the fourth quarter valued at $135,000. Finally, XTX Topco Ltd purchased a new position in shares of Gorilla Technology Group during the 4th quarter valued at about $426,000. 1.33% of the stock is owned by hedge funds and other institutional investors.

Gorilla Technology Group Stock Performance

Shares of GRRR stock traded up $0.28 during trading hours on Thursday, hitting $15.13. The stock had a trading volume of 714,145 shares, compared to its average volume of 1,771,682. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.08. Gorilla Technology Group Inc. has a one year low of $2.09 and a one year high of $44.15. The stock's 50-day moving average price is $22.68 and its two-hundred day moving average price is $16.18.

Analyst Upgrades and Downgrades

Separately, Northland Securities boosted their target price on shares of Gorilla Technology Group from $13.00 to $18.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd.

Gorilla Technology Group Profile

Gorilla Technology Group Inc provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata.