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

Grande Group Limited (NASDAQ:GRAN) was the target of a significant decline in short interest in the month of 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. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 12,382 shares, the short-interest ratio is currently 5.7 days.

Institutional Trading of Grande Group

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

Grande Group Stock Down 6.9%

GRAN traded down $0.10 during trading on Friday, reaching $1.35. The stock had a trading volume of 283 shares, compared to its average volume of 3,358. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $1.47 and a 200-day moving average of $1.54. Grande Group has a one year low of $0.80 and a one year high of $5.91.

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

Wall Street Analyst Weigh In

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