Grande Group Limited (NASDAQ:GRAN) Short Interest Up 167.3% in December

Grande Group Limited (NASDAQ:GRAN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 70,558 shares, an increase of 167.3% from the November 30th total of 26,392 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 371,701 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 371,701 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Grande Group

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

Grande Group Trading Up 8.5%

Shares of GRAN stock traded up $0.36 on Friday, hitting $4.60. The company’s stock had a trading volume of 46,043 shares, compared to its average volume of 223,322. Grande Group has a fifty-two week low of $1.81 and a fifty-two week high of $6.70. The firm’s fifty day moving average price is $2.87.

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

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.