Grail, Inc. (NASDAQ:GRAL) Sees Significant Rise in Short Interest in December

Grail, Inc. (NASDAQ:GRAL) experienced a notable increase in short interest throughout December. By December 31st, the total short interest reached 5,810,000 shares, representing an 18.6% rise from 4,900,000 shares on December 15th. Currently, around 20.2% of Grail's shares are sold short. Given the average daily trading volume of 773,500 shares, the days-to-cover ratio stands at approximately 7.5 days.

Insights from Analysts

Several research firms have recently provided their insights on Grail. Wolfe Research initiated coverage of Grail on November 15th, giving the stock a "peer perform" rating. Guggenheim also began coverage on October 17th, assigning a "neutral" rating. Additionally, Morgan Stanley started covering Grail on November 27th, recommending an "equal weight" rating and setting a target price of $16.00 for the stock.

Grail's Stock Performance

On Friday, shares of NASDAQ: GRAL saw a slight increase of $0.01, reaching $17.42 during midday trading. The trading volume was 483,860 shares, which is lower than the average volume of 868,233. Over the past year, the stock recorded a low of $12.33 and a high of $24.92, with a 50-day moving average at $18.32.

Recent Insider Activity

In related news, CFO Aaron Freidin sold 30,452 shares of the stock on November 18th. The shares were sold at an average price of $14.02, accumulating a total value of $426,937.04. Post-sale, Freidin now holds 268,277 shares worth $3,761,243.54, indicating a decrease of 10.19% in ownership. This transaction has been disclosed in a filing with the SEC.

Institutional Investors' Involvement

There has been recent activity among institutional investors concerning Grail shares. FNY Investment Advisers LLC acquired a new stake worth $26,000 during the fourth quarter. Meanwhile, B & T Capital Management DBA Alpha Capital Management and A. D. Beadell Investment Counsel Inc. purchased stakes valued at $387,000 and $430,000, respectively. Wesbanco Bank Inc. also acquired shares worth $523,000, while 180 Wealth Advisors LLC invested $1,681,000.

About Grail, Inc.

Grail, Inc. is a healthcare company focused on developing technologies for the early detection of cancer. The company was founded in September 2015 by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi and is based in Menlo Park, California.

Additional Resources

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