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

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

Grande Group Trading Down 4.6%

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

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

Institutional Investors Weigh In On Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC acquired a new position in Grande Group Limited (NASDAQ:GRAN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,920 shares of the company’s stock, valued at approximately $33,000.

Analysts Set New Price Targets

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