Getaround, Inc. (NYSE:GETR) Sees Large Increase in Short Interest

Getaround, Inc. (NYSE:GETR) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 188,000 shares, an increase of 8.3% from the October 15th total of 173,600 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 187,900 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Getaround

Several large investors have recently made changes to their positions in GETR. Madrona Venture Group LLC acquired a new position in Getaround in the third quarter valued at about $177,000. Two Sigma Securities LLC bought a new position in shares of Getaround during the 2nd quarter worth approximately $26,000. State Street Corp acquired a new stake in shares of Getaround during the 2nd quarter worth about $27,000. Geode Capital Management LLC acquired a new position in Getaround in the 2nd quarter valued at about $182,000. Finally, Redpoint Management LLC bought a new stake in shares of Getaround in the first quarter valued at about $33,000.

Getaround Stock Performance

Shares of GETR traded up $0.04 on Friday, reaching $0.18. 26,111,255 shares of the stock traded hands, compared to its average volume of 1,815,278. Getaround has a 12 month low of $0.14 and a 12 month high of $10.17. The stock’s 50-day moving average price is $0.28 and its 200-day moving average price is $0.40.

Getaround Company Profile

Getaround, Inc operates an online marketplace for peer-to-peer car sharing and local car rentals. The company offers Getaround, an on-demand car sharing marketplace that enables users to share cars and other vehicles with people nearby and rent convertibles, exotics, luxury, snows, SUVs, Tesla, trucks, and vans.