Garden Stage Limited (NASDAQ:GSIW) Sees Significant Decline in Short Interest

Garden Stage Limited (NASDAQ:GSIW) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 283,600 shares, a decrease of 30.5% from the February 28th total of 407,800 shares. Based on an average daily volume of 3,800,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.7% of the shares of the stock are sold short.

Garden Stage Stock Performance

Garden Stage stock traded down $0.02 during mid-day trading on Friday, reaching $0.49. The company had a trading volume of 115,512 shares, compared to its average volume of 1,991,563. The business has a fifty day simple moving average of $0.52 and a 200 day simple moving average of $0.97. Garden Stage has a fifty-two week low of $0.43 and a fifty-two week high of $12.30.

About Garden Stage

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.