Short Interest in Greenpro Capital Corp. (NASDAQ:GRNQ) Decreases By 87.0%

Greenpro Capital Corp. (NASDAQ:GRNQ) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 1,543 shares, a drop of 87.0% from the July 30th total of 11,895 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,748 shares, the days-to-cover ratio is presently 0.4 days.

Insider Buying and Selling

In related news, CEO Chong Kuang Lee bought 6,559 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of $15.20 per share, with a total value of $99,696.80. Following the completion of the acquisition, the chief executive officer owned 194,088 shares of the company’s stock, valued at $2,950,137.60. The trade was a 3.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 19.98% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC bought a new stake in shares of Greenpro Capital in the 4th quarter valued at $30,000. Geode Capital Management LLC grew its holdings in Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares during the period. Finally, Susquehanna International Group LLP bought a new position in shares of Greenpro Capital in the 3rd quarter worth about $34,000. Institutional investors own 0.87% of the company’s stock.

Greenpro Capital Price Performance

NASDAQ GRNQ traded up $0.19 on Wednesday, reaching $12.26. The company had a trading volume of 680 shares, compared to its average volume of 3,544. The firm has a market cap of $22.19 million, a price-to-earnings ratio of -3.41 and a beta of 1.00. Greenpro Capital has a fifty-two week low of $5.51 and a fifty-two week high of $31.80. The business has a 50 day moving average of $12.83 and a two-hundred day moving average of $17.58.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Greenpro Capital Company Profile

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.