Short Interest in Greenland Technologies Holding Co. (NASDAQ:GTEC) Declines By 22.1%

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 164,700 shares, a drop of 22.1% from the October 15th total of 211,300 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 732,900 shares, the short-interest ratio is currently 0.2 days.

Greenland Technologies Trading Down 1.8 %

Shares of NASDAQ GTEC opened at $2.22 on Friday. The company has a market cap of $30.19 million, a price-to-earnings ratio of -2.29 and a beta of 1.48. Greenland Technologies has a 12-month low of $1.36 and a 12-month high of $3.84. The company has a current ratio of 1.60, a quick ratio of 1.28 and a debt-to-equity ratio of 0.02. The stock’s 50 day simple moving average is $2.39 and its 200 day simple moving average is $1.89.

Greenland Technologies (NASDAQ:GTEC) last announced its earnings results on Wednesday, August 14th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.17. The firm had revenue of $23.02 million for the quarter, compared to the consensus estimate of $24.00 million. Greenland Technologies had a negative return on equity of 24.95% and a negative net margin of 13.91%. Equities research analysts expect that Greenland Technologies will post 0.57 EPS for the current year.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.