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

Grande Group Limited (NASDAQ:GRAN) was the target of a significant drop in short interest in the month of 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. Based on an average daily trading volume, of 975 shares, the short-interest ratio is currently 37.0 days. Currently, 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Grande Group

An institutional investor recently bought a new stake in Grande Group stock. Nomura Holdings Inc. acquired a new position in shares of Grande Group Limited (NASDAQ:GRAN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 49,787 shares of the company’s stock, valued at approximately $144,000. Nomura Holdings Inc. owned 0.20% of Grande Group at the end of the most recent quarter.

Grande Group Stock Performance

Shares of NASDAQ GRAN remained flat at $1.34 during midday trading on Friday. 102 shares of the stock traded hands, compared to its average volume of 3,305. The company’s 50-day moving average price is $1.41 and its two-hundred day moving average price is $1.43. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.54 and a current ratio of 0.54. Grande Group has a twelve month low of $0.80 and a twelve month high of $5.91.

Grande Group (NASDAQ:GRAN) last announced its earnings results on Friday, July 31st. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.76 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded Grande Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, 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.