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

Grande Group Limited (NASDAQ:GRAN) was the target of a large drop in short interest during 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 trading volume of 975 shares, the days-to-cover ratio is currently 37.0 days. Approximately 0.1% of the company’s shares are short sold.

Hedge Funds Weigh In On Grande Group

A hedge fund recently bought a new position in Grande Group stock. Nomura Holdings Inc. bought a new stake in Grande Group Limited (NASDAQ:GRAN) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 49,787 shares of the company’s stock, valued at approximately $144,000. Nomura Holdings Inc. owned about 0.20% of Grande Group as of its most recent filing with the Securities and Exchange Commission.

Grande Group Price Performance

Shares of NASDAQ GRAN remained flat at $1.34 during midday trading on Friday. 102 shares of the stock were exchanged, compared to its average volume of 3,305. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a fifty day moving average of $1.41 and a 200 day moving average of $1.43. Grande Group has a fifty-two week low of $0.80 and a fifty-two week high of $5.91.

Grande Group (NASDAQ:GRAN) last released its quarterly earnings data on Friday, July 31st. The company reported ($0.04) EPS for the quarter. The company had revenue of $0.76 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Grande Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Grande Group has a consensus rating of “Sell”.

About Grande Group

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.