Greenland Technologies Holding Corporation (NASDAQ:GTEC) Sees Significant Growth in Short Interest

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the target of a significant growth in short interest in January. As of January 30th, there was short interest totaling 643,486 shares, a growth of 24.8% from the January 15th total of 515,820 shares. Approximately 5.9% of the shares of the stock are sold short. Based on an average trading volume of 1,117,123 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 1,117,123 shares, the short-interest ratio is currently 0.6 days. Approximately 5.9% of the shares of the stock are sold short.

Institutional Trading of Greenland Technologies

A number of hedge funds have recently bought and sold shares of GTEC. Mariner LLC increased its position 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 acquiring an additional 20,000 shares in the last quarter. Centiva Capital LP acquired a new position in Greenland Technologies in the 3rd quarter worth approximately $29,000. Citadel Advisors LLC purchased a new position in Greenland Technologies during the 3rd quarter worth approximately $31,000. Finally, GSA Capital Partners LLP acquired a new stake in Greenland Technologies during the 3rd quarter valued at $34,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GTEC has been the topic of several recent analyst reports. Wall Street Zen raised Greenland Technologies from a “buy” rating to a “strong-buy” rating in a report on Sunday, January 11th. Weiss Ratings cut Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Greenland Technologies Stock Performance

Shares of NASDAQ GTEC opened at $0.92 on Wednesday. The stock’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $1.15. The stock has a market capitalization of $15.91 million, a price-to-earnings ratio of 0.93 and a beta of 0.11. The company has a quick ratio of 1.47, a current ratio of 1.93 and a debt-to-equity ratio of 0.01. Greenland Technologies has a 52-week low of $0.58 and a 52-week high of $2.58.

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.