Guardforce AI Co., Limited (NASDAQ:GFAI) Short Interest Down 37.1% in March

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

Institutional Trading of Guardforce AI

A hedge fund recently bought a new stake in Guardforce AI stock. Virtu Financial LLC purchased a new stake in shares of Guardforce AI Co., Limited (NASDAQ:GFAI) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 78,058 shares of the company’s stock, valued at approximately $86,000. Virtu Financial LLC owned 0.44% of Guardforce AI at the end of the most recent quarter. 2.04% of the stock is currently owned by institutional investors and hedge funds.

Guardforce AI Trading Down 5.4%

NASDAQ:GFAI opened at $0.45 on Friday. The stock has a fifty day simple moving average of $0.53 and a 200 day simple moving average of $0.78. Guardforce AI has a 1-year low of $0.38 and a 1-year high of $1.50. The company has a current ratio of 5.26, a quick ratio of 5.22 and a debt-to-equity ratio of 0.01.

Guardforce AI declared that its board has authorized a stock repurchase program on Friday, February 20th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 55.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

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

Guardforce AI Company Profile

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.