Greenpro Capital Corp. (NASDAQ:GRNQ) Sees Large Increase in Short Interest

Greenpro Capital Corp. (NASDAQ:GRNQ) was the target of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 9,510 shares, an increase of 31.6% from the February 26th total of 7,228 shares. Based on an average trading volume of 23,215 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Greenpro Capital Trading Down 1.6%

Shares of NASDAQ GRNQ traded down $0.05 during midday trading on Tuesday, reaching $2.74. The company’s stock had a trading volume of 13,390 shares, compared to its average volume of 20,470. The stock has a 50 day simple moving average of $1.91 and a 200-day simple moving average of $1.71. The stock has a market capitalization of $23.60 million, a price-to-earnings ratio of -17.09 and a beta of 1.56. Greenpro Capital has a fifty-two week low of $0.83 and a fifty-two week high of $3.05.

Greenpro Capital (NASDAQ:GRNQ) last announced its earnings results on Monday, March 30th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.90 million for the quarter. Greenpro Capital had a negative return on equity of 25.31% and a negative net margin of 41.16%.

Hedge Funds Weigh In On Greenpro Capital

Large investors have recently modified their holdings of the business. DRW Securities LLC bought a new position in shares of Greenpro Capital in the 4th quarter valued at about $30,000. Geode Capital Management LLC raised its holdings in 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. Finally, Susquehanna International Group LLP acquired a new position in Greenpro Capital during the third quarter valued at approximately $34,000. 0.87% of the stock is currently owned by institutional investors and hedge funds.

Greenpro Capital Company Profile

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.