Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Rises 282.9%

Greenland Energy Co (NASDAQ:GLND) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 4,721,899 shares, a growth of 282.9% from the September 15th total of 1,233,044 shares. Approximately 10.8% of the shares of the stock are sold short. Based on an average daily volume of 60,821,359 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Greenland Energy

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GLND shares. Weiss Ratings upgraded shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. Wall Street Zen downgraded shares of Greenland Energy from a “sell” rating to a “strong sell” rating in a report on Saturday. Finally, ThinkEquity began coverage on shares of Greenland Energy in a research report on Monday, June 15th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Greenland Energy currently has an average rating of “Hold”.

Greenland Energy Stock Performance

GLND traded down $0.20 during trading on Monday, reaching $2.31. 5,467,008 shares of the stock were exchanged, compared to its average volume of 35,725,156. The stock’s 50 day moving average price is $2.18. Greenland Energy has a 1 year low of $1.09 and a 1 year high of $23.00.

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

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.