Grande Group Limited (NASDAQ:GRAN) Short Interest Up 110.9% in October

Grande Group Limited (NASDAQ:GRAN) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 40,500 shares, an increase of 110.9% from the September 30th total of 19,200 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 89,900 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 89,900 shares, the short-interest ratio is currently 0.5 days. Currently, 0.9% of the shares of the company are sold short.

Grande Group Trading Down 7.8%

Shares of GRAN stock opened at $2.49 on Friday. The stock’s 50-day moving average price is $3.53. Grande Group has a 12 month low of $2.36 and a 12 month high of $6.70.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GRAN. Wall Street Zen upgraded shares of Grande Group to a “hold” rating in a research note on Sunday, July 13th. Weiss Ratings reiterated a “sell (e-)” rating on shares of Grande Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Grande Group Company Profile

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.