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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 125,909 shares, a growth of 51.6% from the August 31st total of 83,069 shares. Based on an average trading volume of 183,135 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Greenland Technologies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenland Technologies presently has a consensus rating of “Sell”.

Greenland Technologies Stock Up 5.9%

NASDAQ GTEC opened at $0.79 on Thursday. The company has a 50-day simple moving average of $0.84 and a two-hundred day simple moving average of $0.70. Greenland Technologies has a 12-month low of $0.47 and a 12-month high of $1.61. The firm has a market cap of $16.20 million, a price-to-earnings ratio of 1.33 and a beta of 0.23.

Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Friday, August 14th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Greenland Technologies had a return on equity of 17.02% and a net margin of 12.32%.The company had revenue of $29.88 million during the quarter, compared to analyst estimates of $22.80 million. Equities analysts expect that Greenland Technologies will post 0.59 earnings per share for the current fiscal year.

About Greenland Technologies

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a technology company that develops and manufactures drivetrain systems for material-handling, construction and agricultural equipment. Its products include transmission systems, axles and other powertrain components used in industrial machinery and specialized vehicles.

Through its HEVI Corp. subsidiary, Greenland Technologies also develops electric industrial vehicles designed for material handling and off-road applications.