Short Interest in Grande Group Limited (NASDAQ:GRAN) Drops By 49.2%

Grande Group Limited (NASDAQ:GRAN) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 36,027 shares, a drop of 49.2% from the July 30th total of 70,886 shares. Based on an average daily volume of 975 shares, the short-interest ratio is presently 37.0 days. Approximately 0.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Grande Group

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

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Grande Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Grande Group presently has a consensus rating of “Sell”.

Grande Group Trading Down 10.4%

Shares of NASDAQ:GRAN traded down $0.14 during midday trading on Monday, reaching $1.20. The company’s stock had a trading volume of 792 shares, compared to its average volume of 261,000. Grande Group has a 12-month low of $0.80 and a 12-month high of $5.91. The firm has a 50 day moving average of $1.41 and a 200-day moving average of $1.43. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Grande Group (NASDAQ:GRAN) last released its earnings results on Friday, July 31st. The company reported ($0.04) earnings per share (EPS) for the quarter. The firm had revenue of $0.76 million for the quarter.

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.