Grande Group Limited (NASDAQ:GRAN) Short Interest Update

Grande Group Limited (NASDAQ:GRAN) was the target of a large increase in short interest in 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. Based on an average daily trading volume, of 371,701 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.3% of the company’s shares are short sold. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 371,701 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of Grande Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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. Nomura Holdings Inc. purchased a new position in Grande Group Limited (NASDAQ:GRAN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 49,787 shares of the company’s stock, valued at approximately $144,000. Nomura Holdings Inc. owned approximately 0.20% of Grande Group as of its most recent filing with the Securities and Exchange Commission.

Grande Group Price Performance

Shares of NASDAQ GRAN opened at $4.60 on Friday. Grande Group has a 1 year low of $1.81 and a 1 year high of $6.70. The company’s 50-day simple moving average is $2.87.

Grande Group (NASDAQ:GRAN) last announced 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 for 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.