Short Interest in Greenpro Capital Corp. (NASDAQ:GRNQ) Declines By 24.1%

Greenpro Capital Corp. (NASDAQ:GRNQGet Rating) was the recipient of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,610,000 shares, a decrease of 24.1% from the March 31st total of 2,120,000 shares. Based on an average daily volume of 431,900 shares, the days-to-cover ratio is currently 3.7 days. Currently, 3.4% of the shares of the company are short sold.

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in Greenpro Capital in the 3rd quarter valued at $250,000. Geode Capital Management LLC raised its position in Greenpro Capital by 2,082.9% during the 4th quarter. Geode Capital Management LLC now owns 539,850 shares of the company’s stock worth $334,000 after buying an additional 515,119 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in Greenpro Capital by 358.5% during the 4th quarter. Renaissance Technologies LLC now owns 939,008 shares of the company’s stock worth $581,000 after buying an additional 734,208 shares during the last quarter. Hedge funds and other institutional investors own 1.31% of the company’s stock.

GRNQ stock opened at $0.45 on Monday. The firm has a fifty day simple moving average of $0.43. Greenpro Capital has a 12 month low of $0.31 and a 12 month high of $2.37. The stock has a market cap of $35.40 million, a P/E ratio of -2.14 and a beta of 0.37.

About Greenpro Capital (Get Rating)

Greenpro Capital Corp. provides financial consulting and corporate 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.

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