Short Interest in Garden Stage Limited (NASDAQ:GSIW) Drops By 61.3%

Garden Stage Limited (NASDAQ:GSIW) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 160,500 shares, a drop of 61.3% from the October 15th total of 414,900 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average daily trading volume, of 3,580,000 shares, the days-to-cover ratio is currently 0.0 days.

Garden Stage Stock Performance

Garden Stage stock traded down $0.01 on Friday, hitting $0.67. 85,083 shares of the stock traded hands, compared to its average volume of 1,102,734. The business’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $5.54. Garden Stage has a 1 year low of $0.63 and a 1 year high of $15.99.

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.