Greenland Technologies Holding Corporation (NASDAQ:GTEC) Stock Short Interest Report for October

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 123,727 shares, an increase of 258.7% from the October 15th total of 34,494 shares. Currently, 1.0% of the company’s stock are short sold. Based on an average daily volume of 111,661 shares, the days-to-cover ratio is presently 1.1 days.

Analyst Upgrades and Downgrades

GTEC has been the topic of a number of analyst reports. Weiss Ratings cut shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, October 23rd. Wall Street Zen upgraded shares of Greenland Technologies to a “buy” rating in a research note on Saturday, November 7th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Greenland Technologies presently has an average rating of “Sell”.

Greenland Technologies Stock Down 0.9%

Shares of Greenland Technologies stock traded down $0.00 on Friday, reaching $0.49. The company’s stock had a trading volume of 82,303 shares, compared to its average volume of 337,535. The company has a market capitalization of $10.06 million, a price-to-earnings ratio of 0.84 and a beta of 0.28. The firm’s fifty day simple moving average is $0.79 and its two-hundred day simple moving average is $0.71. Greenland Technologies has a 52 week low of $0.42 and a 52 week high of $1.61.

Greenland Technologies (NASDAQ:GTEC) last announced its quarterly earnings results on Thursday, November 12th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.08. Greenland Technologies had a return on equity of 17.02% and a net margin of 12.32%. The firm had revenue of $24.86 million for the quarter, compared to the consensus estimate of $24.60 million. As a group, research analysts predict that Greenland Technologies will post 0.59 EPS for the current year.

About Greenland Technologies

Greenland Technologies Holding Corporation (NASDAQ:GTEC) develops and manufactures electric industrial vehicles and drivetrain systems for material-handling and other heavy-equipment applications. The company’s products are designed for use in settings such as warehouses, distribution facilities, construction sites, industrial operations and other commercial environments. Through its HEVI brand, Greenland Technologies offers electric vehicles and equipment, including electric forklifts, loaders, excavators and other utility vehicles.