Grande Group Limited (NASDAQ:GRAN) Short Interest Down 49.4% in July

Grande Group Limited (NASDAQ:GRANGet Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 70,886 shares, a decline of 49.4% from the July 15th total of 140,107 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 12,382 shares, the short-interest ratio is presently 5.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Grande Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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Institutional Investors Weigh In On Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC bought a new stake in shares of Grande Group Limited (NASDAQ:GRANFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,920 shares of the company’s stock, valued at approximately $33,000.

Grande Group Stock Performance

Shares of GRAN stock traded down $0.10 during midday trading on Friday, reaching $1.35. 283 shares of the stock were exchanged, compared to its average volume of 3,358. Grande Group has a 1 year low of $0.80 and a 1 year high of $5.91. The company’s 50 day moving average is $1.47 and its two-hundred day moving average is $1.54. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.03.

Grande Group (NASDAQ:GRANGet Free Report) 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

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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.

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