Greenpro Capital Corp. (NASDAQ:GRNQ) Sees Significant Drop in Short Interest

Greenpro Capital Corp. (NASDAQ:GRNQ) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 6,648 shares, a drop of 25.6% from the January 15th total of 8,934 shares. Based on an average daily volume of 22,866 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 22,866 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GRNQ. Geode Capital Management LLC lifted its position in shares of Greenpro Capital by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Greenpro Capital during the 3rd quarter valued at $34,000. Finally, DRW Securities LLC bought a new stake in shares of Greenpro Capital during the 4th quarter valued at $30,000. 0.87% of the stock is currently owned by hedge funds and other institutional investors.

Greenpro Capital Stock Up 0.6%

Shares of GRNQ stock traded up $0.01 on Friday, hitting $1.71. 10,758 shares of the stock were exchanged, compared to its average volume of 17,037. The firm’s 50 day moving average is $1.77 and its two-hundred day moving average is $1.60. Greenpro Capital has a one year low of $0.83 and a one year high of $2.50.

Greenpro Capital (NASDAQ:GRNQ) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.07) EPS for the quarter. Greenpro Capital had a negative net margin of 41.16% and a negative return on equity of 25.31%. The business had revenue of $0.39 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.