Garden Stage Limited (NASDAQ:GSIW) Short Interest Down 36.5% in June

Garden Stage Limited (NASDAQ:GSIW) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 7,263 shares, a drop of 36.5% from the May 31st total of 11,433 shares. Based on an average trading volume of 5,573 shares, the short-interest ratio is presently 1.3 days. Currently, 0.7% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Garden Stage from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, June 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Garden Stage Price Performance

NASDAQ GSIW traded up $0.20 during trading hours on Thursday, hitting $28.00. The company’s stock had a trading volume of 3,198 shares, compared to its average volume of 29,045. Garden Stage has a 52 week low of $8.00 and a 52 week high of $358.00. The company’s 50-day simple moving average is $29.60 and its two-hundred day simple moving average is $26.19.

Institutional Trading of Garden Stage

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

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.