Grande Group Limited (NASDAQ:GRAN) Sees Significant Decrease in Short Interest

Grande Group Limited (NASDAQ:GRAN) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 70,886 shares, a decline of 49.4% from the July 15th total of 140,107 shares. Based on an average daily trading volume, of 12,382 shares, the short-interest ratio is currently 5.7 days. Currently, 0.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Grande Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Grande Group

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

Grande Group Trading Up 5.6%

GRAN stock traded up $0.07 during trading hours on Tuesday, reaching $1.33. 3,047 shares of the stock were exchanged, compared to its average volume of 274,607. The firm’s 50-day moving average is $1.47 and its 200-day moving average is $1.51. Grande Group has a 12 month low of $0.80 and a 12 month high of $5.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.54.

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