Sui Group Holdings Limited (NASDAQ:SUIG) Shares Shorted: Short Interest Down 36.1% in October

Sui Group Holdings Limited (NASDAQ:SUIG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 515,870 shares, a decline of 36.1% from the September 30th total of 807,669 shares. Based on an average daily trading volume, of 780,996 shares, the short-interest ratio is presently 0.7 days. Approximately 0.7% of the company’s shares are sold short.

Analyst Ratings Changes

A number of analysts recently commented on SUIG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sui Group in a research note on Friday, October 2nd. Cantor Fitzgerald boosted their price objective on shares of Sui Group from $1.70 to $3.40 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Finally, Alliance Global Partners restated a “buy” rating on shares of Sui Group in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $3.40.

Sui Group Stock Up 5.8%

NASDAQ SUIG opened at $1.09 on Wednesday. The firm has a market capitalization of $83.72 million, a PE ratio of -3.63 and a beta of 1.29. The stock’s 50 day moving average is $1.24 and its 200 day moving average is $1.26. Sui Group has a twelve month low of $0.79 and a twelve month high of $2.84.

Sui Group (NASDAQ:SUIG) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The firm had revenue of $0.36 million during the quarter. Sui Group had a negative return on equity of 130.66% and a negative net margin of 11,371.76%. On average, research analysts anticipate that Sui Group will post -0.32 earnings per share for the current year.

About Sui Group

Sui Group Holdings Limited, formerly known as Mill City Ventures III, Ltd., is a digital asset treasury and investment company focused on the Sui blockchain ecosystem. The company’s strategy centers on acquiring and holding SUI, the native digital asset of the Sui network, as well as supporting opportunities connected to the broader ecosystem.

Sui is a Layer 1 blockchain designed to support decentralized applications, digital assets and other blockchain-based services. Through its treasury strategy, Sui Group seeks to provide investors with publicly traded exposure to SUI and may pursue investments or partnerships involving projects, infrastructure and businesses that use or contribute to the Sui network.

The company trades on the Nasdaq Capital Market under the symbol SUIG.