Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Corporation (NASDAQ:GTECGet Free Report) was the target of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 130,908 shares, a drop of 37.9% from the April 15th total of 210,748 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 66,014 shares, the short-interest ratio is currently 2.0 days.

Greenland Technologies Stock Performance

NASDAQ:GTEC traded down $0.04 during trading hours on Friday, reaching $0.53. The company’s stock had a trading volume of 130,053 shares, compared to its average volume of 105,621. The stock has a 50 day moving average price of $0.69 and a two-hundred day moving average price of $0.88. The company has a market capitalization of $10.84 million, a P/E ratio of 2.11 and a beta of 0.12. Greenland Technologies has a 12 month low of $0.47 and a 12 month high of $2.47.

Greenland Technologies (NASDAQ:GTECGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $25.54 million for the quarter. Greenland Technologies had a return on equity of 8.54% and a net margin of 6.27%.

Hedge Funds Weigh In On Greenland Technologies

A number of large investors have recently added to or reduced their stakes in GTEC. Mariner LLC lifted its position in shares of Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after buying an additional 20,000 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Greenland Technologies in the 3rd quarter valued at about $34,000. Citadel Advisors LLC purchased a new position in shares of Greenland Technologies in the 3rd quarter worth approximately $31,000. Finally, Centiva Capital LP purchased a new position in shares of Greenland Technologies in the 3rd quarter worth approximately $29,000. 10.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GTEC shares. Weiss Ratings downgraded shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. Wall Street Zen lowered Greenland Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Check Out Our Latest Analysis on Greenland Technologies

Greenland Technologies Company Profile

(Get Free Report)

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a China-based designer and manufacturer of clean energy solutions specializing in biomass resource utilization. The company develops and produces pellet fuel production lines, biomass boilers, pellet stoves and turnkey systems for sustainable heat and power generation. Its product portfolio also includes industrial‐scale pelletizers, dryers, combustion equipment and control systems optimized for agricultural and forestry residues.

Beyond equipment supply, Greenland Technologies provides engineering, procurement and construction (EPC) services, along with installation, commissioning and maintenance support for biomass energy facilities.

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