Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Report for October

Greenland Energy Co (NASDAQ:GLND) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 8,920,833 shares, a growth of 88.9% from the September 30th total of 4,721,899 shares. Based on an average daily trading volume, of 20,806,624 shares, the days-to-cover ratio is presently 0.4 days. Approximately 20.4% of the shares of the company are short sold.

Analysts Set New Price Targets

GLND has been the subject of several research reports. Weiss Ratings upgraded shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered shares of Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Greenland Energy Stock Performance

Shares of NASDAQ GLND traded down $0.41 during trading on Monday, reaching $2.68. 2,024,020 shares of the company traded hands, compared to its average volume of 7,423,202. The firm has a market cap of $117.20 million, a PE ratio of -15.76 and a beta of -4.98. The company has a fifty day moving average price of $2.58. Greenland Energy has a 12-month low of $1.09 and a 12-month high of $23.00.

Greenland Energy (NASDAQ:GLND) last posted its earnings results on Thursday, August 13th. The company reported ($0.13) EPS for the quarter.

Institutional Investors Weigh In On Greenland Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in GLND. NewEdge Wealth LLC purchased a new position in shares of Greenland Energy during the 2nd quarter valued at approximately $33,000. Squarepoint Ops LLC purchased a new stake in Greenland Energy during the second quarter worth $41,000. PEAK6 LLC acquired a new stake in Greenland Energy during the second quarter valued at $143,000. Resolute Advisors LLC acquired a new stake in Greenland Energy during the second quarter valued at $163,000. Finally, State Street Corp acquired a new stake in Greenland Energy during the second quarter valued at $417,000.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.