Grande Group Limited (NASDAQ:GRAN) Short Interest Down 49.2% in August

Grande Group Limited (NASDAQ:GRAN) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 36,027 shares, a drop of 49.2% from the July 30th total of 70,886 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 975 shares, the days-to-cover ratio is presently 37.0 days.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Grande Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Grande Group stock. Citadel Advisors LLC purchased a new stake in shares of Grande Group Limited (NASDAQ:GRAN) in the 3rd quarter, according to the company in its most recent Form 13F 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 Stock Performance

Shares of NASDAQ:GRAN opened at $1.20 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.42. Grande Group has a 12-month low of $0.80 and a 12-month high of $5.91.

Grande Group (NASDAQ:GRAN) last released its earnings results on Friday, July 31st. The company reported ($0.04) EPS for the quarter. The firm 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.