Garden Stage Limited (NASDAQ:GSIW) Short Interest Down 36.5% in June

Garden Stage Limited (NASDAQ:GSIW) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 7,263 shares, a drop of 36.5% from the May 31st total of 11,433 shares. Based on an average trading volume of 5,573 shares, the short-interest ratio is currently 1.3 days. Currently, 0.7% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Garden Stage presently has an average rating of “Sell”.

Hedge Funds Weigh In On Garden Stage

A hedge fund recently raised its position in Garden Stage stock. XTX Topco Ltd boosted its position in Garden Stage Limited (NASDAQ:GSIW) by 244.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,052 shares of the company’s stock after buying an additional 183,147 shares during the period. XTX Topco Ltd owned approximately 0.72% of Garden Stage worth $33,000 at the end of the most recent quarter. 0.47% of the stock is currently owned by hedge funds and other institutional investors.

Garden Stage Stock Up 0.7%

NASDAQ GSIW traded up $0.20 on Thursday, hitting $28.00. 3,198 shares of the company were exchanged, compared to its average volume of 29,045. Garden Stage has a 12 month low of $8.00 and a 12 month high of $358.00. The stock has a fifty day moving average of $29.60 and a 200-day moving average of $26.19.

About Garden Stage

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.