Sui Group Holdings Limited (NASDAQ:SUIG – Get Free Report) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 515,870 shares, a decrease 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 currently 0.7 days. Approximately 0.7% of the company’s stock are sold short.
Sui Group Price Performance
Shares of SUIG traded up $0.03 during mid-day trading on Monday, hitting $1.06. The company’s stock had a trading volume of 17,242 shares, compared to its average volume of 545,392. The business has a 50-day moving average of $1.24. The stock has a market capitalization of $81.33 million, a price-to-earnings ratio of -3.53 and a beta of 1.29. Sui Group has a 1-year low of $0.79 and a 1-year high of $2.90.
Sui Group (NASDAQ:SUIG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.11). The business had revenue of $0.36 million for the quarter. Sui Group had a negative return on equity of 130.66% and a negative net margin of 11,371.76%. Sell-side analysts anticipate that Sui Group will post -0.32 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on the stock. Alliance Global Partners reaffirmed a “buy” rating on shares of Sui Group in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Sui Group in a research report on Friday, October 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Sui Group from $1.70 to $3.40 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $3.40.
Read Our Latest Stock Analysis on SUIG
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.
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