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

Grande Group Limited (NASDAQ:GRAN) saw a significant decline in short interest during 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. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 12,382 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Trading of Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Nomura Holdings Inc. acquired a new position in Grande Group Limited (NASDAQ:GRAN) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 49,787 shares of the company’s stock, valued at approximately $144,000. Nomura Holdings Inc. owned approximately 0.20% of Grande Group at the end of the most recent quarter.

Grande Group Trading Down 13.1%

NASDAQ:GRAN traded down $0.19 on Monday, reaching $1.26. 2,456 shares of the stock traded hands, compared to its average volume of 276,424. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.54 and a current ratio of 0.54. Grande Group has a 1-year low of $0.80 and a 1-year high of $5.91. The company’s 50 day moving average is $1.47 and its 200-day moving average is $1.53.

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

Analyst Upgrades and Downgrades

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