Greenland Energy Co (NASDAQ:GLND) Short Interest Update

Greenland Energy Co (NASDAQ:GLND) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,940,724 shares, a growth of 89.0% from the June 15th total of 1,026,681 shares. Approximately 4.4% of the company’s shares are short sold. Based on an average daily trading volume, of 1,326,267 shares, the days-to-cover ratio is presently 1.5 days.

Insider Activity at Greenland Energy

In other Greenland Energy news, Director Larry G. Swets, Jr. acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the transaction, the director owned 585,000 shares of the company’s stock, valued at $1,497,600. This trade represents a 2.63% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 70,000 shares of company stock worth $189,050 over the last quarter.

Wall Street Analyst Weigh In

GLND has been the subject of several research analyst reports. ThinkEquity began coverage on shares of Greenland Energy in a report on Monday, June 15th. They issued a “buy” rating for the company. Wall Street Zen raised Greenland Energy to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Greenland Energy Price Performance

NASDAQ:GLND traded down $0.05 on Thursday, hitting $2.31. The company’s stock had a trading volume of 669,264 shares, compared to its average volume of 1,701,747. Greenland Energy has a one year low of $2.03 and a one year high of $23.00. The company has a market cap of $101.02 million and a price-to-earnings ratio of -57.75. The firm has a fifty day moving average of $2.67.

Greenland Energy (NASDAQ:GLND) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.04) 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.