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

Grande Group Limited (NASDAQ:GRAN) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 49,811 shares, a decrease of 29.4% from the December 15th total of 70,558 shares. Based on an average daily volume of 47,672 shares, the short-interest ratio is presently 1.0 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 47,672 shares, the short-interest ratio is presently 1.0 days.

Grande Group Trading Down 4.6%

Grande Group stock traded down $0.21 during mid-day trading on Friday, reaching $4.34. The company’s stock had a trading volume of 13,479 shares, compared to its average volume of 34,741. The stock has a fifty day moving average of $3.34. Grande Group has a 12-month low of $1.81 and a 12-month high of $6.70.

Grande Group (NASDAQ:GRAN) last posted its quarterly earnings results on Friday, December 12th. The company reported ($0.03) EPS for the quarter. The firm had revenue of $0.15 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Grande Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Grande Group has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.