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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 88,719 shares, a growth of 85.7% from the May 14th total of 47,765 shares. Based on an average trading volume of 196,226 shares, the short-interest ratio is currently 0.5 days. Approximately 0.7% of the shares of the stock are short sold.

Greenland Technologies Price Performance

NASDAQ GTEC traded down $0.04 on Tuesday, reaching $0.60. 101,894 shares of the company’s stock traded hands, compared to its average volume of 311,620. Greenland Technologies has a 12 month low of $0.47 and a 12 month high of $2.26. The stock has a 50-day simple moving average of $0.64 and a 200 day simple moving average of $0.81. The stock has a market cap of $12.22 million, a PE ratio of 2.38 and a beta of 0.11.

Greenland Technologies (NASDAQ:GTEC) last issued its quarterly 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 business had revenue of $25.54 million for the quarter. As a group, analysts anticipate that Greenland Technologies will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Greenland Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC bought a new position in shares of Greenland Technologies in the third quarter worth approximately $31,000. Centiva Capital LP bought a new position in shares of Greenland Technologies in the third quarter worth approximately $29,000. Mariner LLC grew 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 worth $25,000 after purchasing an additional 20,000 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Greenland Technologies in the third quarter worth approximately $34,000. Institutional investors 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.