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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 267,361 shares, an increase of 389.5% from the July 30th total of 54,616 shares. Based on an average daily volume of 1,882,033 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.1% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Greenland Technologies in a research note on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Greenland Technologies Price Performance

NASDAQ:GTEC traded down $0.05 during trading hours on Wednesday, reaching $0.85. The company had a trading volume of 56,370 shares, compared to its average volume of 365,369. Greenland Technologies has a 1-year low of $0.47 and a 1-year high of $1.61. The firm has a market cap of $17.49 million, a PE ratio of 1.47 and a beta of 0.15. The business’s 50 day moving average price is $0.61 and its 200-day moving average price is $0.67.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings data on Friday, August 14th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. The business had revenue of $29.88 million for the quarter, compared to analyst estimates of $22.80 million. Greenland Technologies had a return on equity of 17.02% and a net margin of 12.32%. On average, analysts expect that Greenland Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Greenland Technologies

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mariner LLC increased its holdings in Greenland Technologies by 97.1% in 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 in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the 3rd quarter worth about $31,000. Finally, Centiva Capital LP purchased a new stake in shares of Greenland Technologies during the 3rd quarter worth about $29,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

About Greenland Technologies

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.