Short Interest in Grande Group Limited (NASDAQ:GRAN) Decreases By 36.6%

Grande Group Limited (NASDAQ:GRAN) was the recipient of a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 45,683 shares, a decline of 36.6% from the February 26th total of 72,068 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 38,287 shares, the days-to-cover ratio is presently 1.2 days.

Grande Group Trading Down 3.5%

GRAN opened at $1.11 on Friday. Grande Group has a one year low of $1.00 and a one year high of $6.70. The business’s 50 day moving average price is $2.35 and its 200 day moving average price is $2.99.

Hedge Funds Weigh In On Grande Group

A hedge fund recently bought a new stake in Grande Group stock. Citadel Advisors LLC acquired a new position in shares of Grande Group Limited (NASDAQ:GRAN) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,920 shares of the company’s stock, valued at approximately $33,000.

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.