Short Interest in Greenland Technologies Holding Co. (NASDAQ:GTEC) Expands By 7,812.5%

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 822,900 shares, an increase of 7,812.5% from the March 15th total of 10,400 shares. Currently, 11.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Greenland Technologies

A number of institutional investors have recently bought and sold shares of GTEC. Jane Street Group LLC bought a new stake in shares of Greenland Technologies during the 4th quarter valued at about $28,000. Walleye Trading LLC bought a new stake in Greenland Technologies in the fourth quarter worth approximately $33,000. Northern Trust Corp lifted its stake in Greenland Technologies by 103.7% in the fourth quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after buying an additional 27,035 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Greenland Technologies by 30.9% during the 4th quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock worth $230,000 after buying an additional 28,009 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Greenland Technologies by 138.3% during the 4th quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after buying an additional 28,824 shares during the period. Institutional investors own 10.89% of the company’s stock.

Greenland Technologies Price Performance

Shares of GTEC opened at $1.49 on Tuesday. The business has a 50-day moving average of $1.66 and a 200-day moving average of $2.03. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.68 and a quick ratio of 1.31. The company has a market capitalization of $20.26 million, a price-to-earnings ratio of -1.57 and a beta of 1.53. Greenland Technologies has a 1 year low of $1.17 and a 1 year high of $2.94.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings results on Wednesday, March 26th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.37. Greenland Technologies had a negative net margin of 14.16% and a negative return on equity of 23.51%. The firm had revenue of $19.37 million during the quarter, compared to analyst estimates of $19.00 million. During the same quarter last year, the business earned ($1.20) EPS. As a group, equities research analysts anticipate that Greenland Technologies will post 0.49 earnings per share for the current year.

About Greenland Technologies

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.