Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Up 533.4% in December

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 42,681 shares, a growth of 533.4% from the November 30th total of 6,738 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 243,079 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 243,079 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Trading of Greenland Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new stake in Greenland Technologies in the third quarter valued at $34,000. Citadel Advisors LLC bought a new stake in shares of Greenland Technologies during the third quarter worth about $31,000. Finally, Centiva Capital LP bought a new stake in Greenland Technologies during the third quarter worth $29,000. Institutional investors own 10.89% of the company’s stock.

Greenland Technologies Price Performance

Shares of GTEC stock traded down $0.21 during trading hours on Friday, reaching $0.73. 480,905 shares of the company were exchanged, compared to its average volume of 555,860. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. Greenland Technologies has a fifty-two week low of $0.72 and a fifty-two week high of $2.92. The company has a market cap of $12.75 million, a price-to-earnings ratio of 0.74 and a beta of 0.11. The stock’s fifty day moving average is $1.09 and its two-hundred day moving average is $1.43.

Greenland Technologies (NASDAQ:GTEC) last posted its earnings results on Friday, November 7th. The company reported $0.33 earnings per share for the quarter, hitting the consensus estimate of $0.33. The company had revenue of $23.40 million for the quarter, compared to analyst estimates of $23.40 million. Greenland Technologies had a net margin of 16.38% and a return on equity of 20.63%. Sell-side analysts forecast that Greenland Technologies will post 0.49 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Greenland Technologies in a report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.