Grail, Inc. (NASDAQ:GRAL) Short Interest Rises by 18.6% in December

Grail, Inc. (NASDAQ:GRAL) experienced a notable increase in short interest during December. By the end of the month on December 31st, the total short interest reached 5,810,000 shares. This marks an 18.6% rise from the 4,900,000 shares reported on December 15th. Currently, around 20.2% of the company's shares are sold short. With an average daily trading volume of 773,500 shares, the days-to-cover ratio is calculated at 7.5 days.

Wall Street Analysts Share Their Insights

Research firms have recently provided their perspectives on Grail. Wolfe Research initiated coverage and assigned a "peer perform" rating to the stock on November 15th. Guggenheim started coverage with a "neutral" rating on October 17th. Additionally, Morgan Stanley began coverage on November 27th, setting an "equal weight" rating along with a target price of $16.00 for the stock.

Current Stock Performance of Grail

During midday trading on Friday, Grail's shares saw a slight increase of $0.01, bringing the price to $17.42. A total of 483,860 shares changed hands, which is lower than the average volume of 868,233. Over the past year, the stock has hit a low of $12.33 and a high of $24.92, with a 50-day moving average at $18.32.

Recent Insider Activity at Grail

Recently, there was insider trading activity at Grail. CFO Aaron Freidin sold 30,452 shares on November 18th at an average price of $14.02, resulting in a total transaction value of $426,937.04. After this sale, the CFO now directly owns 268,277 shares valued at approximately $3,761,243.54, indicating a 10.19% decrease in his position. This transaction has been formally reported to the SEC.

Institutional Investors Actively Trading Grail Shares

Institutional investors have recently been buying and selling Grail's shares. FNY Investment Advisers LLC took a new position during the fourth quarter valued at $26,000. B & T Capital Management DBA Alpha Capital Management acquired shares worth $387,000, and A. D. Beadell Investment Counsel Inc. also secured a stake valued at $430,000. Wesbanco Bank Inc. followed suit with a $523,000 interest, while 180 Wealth Advisors LLC made a significant acquisition worth $1,681,000 in the same quarter.

About Grail, Inc.

Grail, Inc. is a healthcare company focusing on the development of technologies for early cancer detection. Founded on September 11, 2015, by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi, the company is headquartered in Menlo Park, California.

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Should You Invest $1,000 in Grail Right Now?

Before making any investment decision regarding Grail, it is advisable to gather all necessary information. Market analysts have highlighted several stocks they consider strong buys, and Grail is not among them currently.

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