Short Interest in Greenland Technologies Holding Corporation (NASDAQ:GTEC) Decreases By 28.2%

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 363,410 shares, a drop of 28.2% from the February 12th total of 505,943 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average daily trading volume, of 155,066 shares, the days-to-cover ratio is currently 2.3 days. Based on an average daily trading volume, of 155,066 shares, the days-to-cover ratio is currently 2.3 days. Approximately 3.3% of the company’s shares are sold short.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen cut shares of Greenland Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Weiss Ratings lowered shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Trading of Greenland Technologies

Several institutional investors and hedge funds have recently modified their holdings of the stock. Mariner LLC boosted its holdings in shares of 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 purchasing an additional 20,000 shares during the period. Centiva Capital LP purchased a new position in Greenland Technologies during the 3rd quarter worth $29,000. Citadel Advisors LLC bought a new stake in Greenland Technologies during the 3rd quarter valued at $31,000. Finally, GSA Capital Partners LLP bought a new stake in Greenland Technologies during the 3rd quarter valued at $34,000. Institutional investors own 10.89% of the company’s stock.

Greenland Technologies Trading Down 2.6%

Shares of NASDAQ:GTEC traded down $0.02 on Friday, hitting $0.72. 78,507 shares of the company’s stock were exchanged, compared to its average volume of 133,900. The stock has a market capitalization of $12.54 million, a price-to-earnings ratio of 0.74 and a beta of 0.06. Greenland Technologies has a 12 month low of $0.58 and a 12 month high of $2.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. The business’s 50 day simple moving average is $0.92 and its two-hundred day simple moving average is $1.07.

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.