Garden Stage Limited (NASDAQ:GSIW) Short Interest Down 90.9% in March

Garden Stage Limited (NASDAQ:GSIW) saw a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 25,602 shares, a decline of 90.9% from the February 26th total of 282,301 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average trading volume of 273,043 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Garden Stage

An institutional investor recently raised its position in Garden Stage stock. XTX Topco Ltd raised its stake in Garden Stage Limited (NASDAQ:GSIW) by 244.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 258,052 shares of the company’s stock after purchasing an additional 183,147 shares during the quarter. XTX Topco Ltd owned about 0.72% of Garden Stage worth $33,000 at the end of the most recent quarter. 0.47% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Garden Stage in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Garden Stage has a consensus rating of “Sell”.

Garden Stage Trading Down 2.7%

Shares of NASDAQ GSIW traded down $0.46 on Thursday, reaching $16.35. 1,302 shares of the company traded hands, compared to its average volume of 50,533. Garden Stage has a fifty-two week low of $8.00 and a fifty-two week high of $358.00. The company has a 50 day moving average of $24.91 and a 200 day moving average of $27.90.

Garden Stage Company Profile

Garden Stage Limited, through its subsidiaries, provides securities dealing and brokerage, underwriting and placing, and other financial services in Hong Kong. It also offers asset management services comprising discretionary account management and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited operates as a subsidiary of Oriental Moon Tree Limited.