Grande Group Limited (NASDAQ:GRAN) Sees Large Increase in Short Interest

Grande Group Limited (NASDAQ:GRAN) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 70,558 shares, an increase of 167.3% from the November 30th total of 26,392 shares. Based on an average daily volume of 371,701 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 371,701 shares, the days-to-cover ratio is presently 0.2 days.

Grande Group Stock Up 8.5%

GRAN traded up $0.36 during midday trading on Friday, reaching $4.60. The company had a trading volume of 44,173 shares, compared to its average volume of 126,862. Grande Group has a 12-month low of $1.81 and a 12-month high of $6.70. The business’s 50-day moving average price is $2.83.

Grande Group (NASDAQ:GRAN) last posted its quarterly earnings results on Friday, December 12th. The company reported ($0.03) EPS for the quarter. The company had revenue of $0.15 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Grande Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC purchased a new stake in Grande Group Limited (NASDAQ:GRAN) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,920 shares of the company’s stock, valued at approximately $33,000.

About Grande Group

Headquartered in Hong Kong, we are a holding company incorporated in the British Virgin Islands, and all of our business is carried out by our wholly-owned Operating Subsidiary in Hong Kong, Grande Capital. Grande Capital is a boutique financial firm that focuses on providing quality corporate finance advisory services to clients in Asia. Grande Capital is a licensed corporation under the SFO to engage in Type 1 (dealing in securities) and Type 6 (advising on corporate finance) regulated activities in Hong Kong.