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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 47,765 shares, a decrease of 63.5% from the April 30th total of 130,908 shares. Based on an average daily trading volume, of 145,857 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Mariner LLC grew its stake in Greenland Technologies by 97.1% during the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Greenland Technologies in the 3rd quarter valued at approximately $31,000. Centiva Capital LP acquired a new position in shares of Greenland Technologies in the 3rd quarter valued at approximately $29,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Greenland Technologies during the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Greenland Technologies Stock Performance

Shares of Greenland Technologies stock opened at $0.63 on Friday. The company has a market cap of $12.94 million, a P/E ratio of 2.52 and a beta of 0.12. The firm has a fifty day moving average of $0.66 and a two-hundred day moving average of $0.84. Greenland Technologies has a one year low of $0.47 and a one year high of $2.26.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter. Greenland Technologies had a net margin of 6.27% and a return on equity of 8.54%. The firm had revenue of $25.54 million for the quarter. As a group, equities analysts predict that Greenland Technologies will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GTEC shares. Wall Street Zen cut Greenland Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 31st. 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, Based on data from MarketBeat, the company 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.