Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Down 37.9% in April

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 130,908 shares, a decrease of 37.9% from the April 15th total of 210,748 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 66,014 shares, the days-to-cover ratio is presently 2.0 days.

Greenland Technologies Price Performance

Shares of NASDAQ:GTEC traded up $0.03 during trading on Monday, hitting $0.56. The company’s stock had a trading volume of 117,059 shares, compared to its average volume of 346,852. Greenland Technologies has a 12 month low of $0.47 and a 12 month high of $2.26. The firm has a market cap of $11.50 million, a price-to-earnings ratio of 2.24 and a beta of 0.12. The company has a 50-day moving average of $0.69 and a 200-day moving average of $0.88.

Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Wednesday, May 13th. The company reported $0.23 EPS for the quarter. Greenland Technologies had a net margin of 6.27% and a return on equity of 8.54%. The company had revenue of $25.54 million for the quarter.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GTEC shares. Weiss Ratings downgraded shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. Wall Street Zen cut shares of Greenland Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Greenland Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in Greenland Technologies during the 3rd quarter valued at approximately $34,000. Centiva Capital LP purchased a new stake in Greenland Technologies during the 3rd quarter valued at approximately $29,000. Citadel Advisors LLC purchased a new stake in Greenland Technologies during the 3rd quarter valued at approximately $31,000. Finally, Mariner LLC grew its holdings in Greenland Technologies by 97.1% during the 4th 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. Institutional investors own 10.89% of the company’s stock.

Greenland Technologies Company Profile

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.