Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Report for October

Greenland Energy Co (NASDAQ:GLND) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,920,833 shares, an increase of 88.9% from the September 30th total of 4,721,899 shares. Based on an average trading volume of 20,806,624 shares, the days-to-cover ratio is currently 0.4 days. Approximately 20.4% of the company’s shares are sold short.

Hedge Funds Weigh In On Greenland Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp purchased a new stake in Greenland Energy in the 2nd quarter worth $417,000. Resolute Advisors LLC purchased a new stake in Greenland Energy in the second quarter worth about $163,000. PEAK6 LLC purchased a new position in Greenland Energy during the second quarter valued at approximately $143,000. Squarepoint Ops LLC purchased a new position in shares of Greenland Energy in the 2nd quarter valued at $41,000. Finally, NewEdge Wealth LLC purchased a new stake in shares of Greenland Energy during the second quarter valued at about $33,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on GLND shares. Weiss Ratings raised shares of Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. Wall Street Zen lowered Greenland Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Greenland Energy presently has an average rating of “Hold”.

Greenland Energy Stock Down 6.6%

NASDAQ:GLND opened at $3.09 on Friday. The company has a market capitalization of $135.13 million, a price-to-earnings ratio of -18.18 and a beta of -5.84. The company’s fifty day simple moving average is $2.58. Greenland Energy has a 52-week low of $1.09 and a 52-week high of $23.00.

Greenland Energy (NASDAQ:GLND) last released its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.