Grande Group Limited (NASDAQ:GRAN) Short Interest Up 46.6% in September

Key Points

• Grande Group Limited (NASDAQ:GRAN) experienced a significant increase in short interest, rising by 46.6% in September, with current short interest totaling 19,200 shares.
• Analysts maintain a generally negative outlook on GRAN, with a majority rating it as a sell, while one firm upgraded it to a hold.
• The stock price is currently around $3.35, with a 52-week trading range between $2.80 and $6.70.

Grande Group Limited (NASDAQ:GRAN - Get Free Report) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 19,200 shares, a growth of 46.6% from the September 15th total of 13,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 110,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 110,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

GRAN has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Grande Group to a "hold" rating in a report on Sunday, July 13th. Weiss Ratings reiterated a "sell (e-)" rating on shares of Grande Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of "Sell".

Grande Group Stock Performance

Shares of NASDAQ GRAN opened at $3.35 on Thursday. Grande Group has a 52 week low of $2.80 and a 52 week high of $6.70. The company has a 50-day simple moving average of $3.79.

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.

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