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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 86,630 shares, an increase of 103.0% from the December 15th total of 42,681 shares. Based on an average daily trading volume, of 495,916 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.8% of the shares of the company are short sold. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 495,916 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Greenland Technologies

Several hedge funds have recently added to or reduced their stakes in GTEC. GSA Capital Partners LLP acquired a new position in Greenland Technologies during the third quarter worth about $34,000. Centiva Capital LP purchased a new position in shares of Greenland Technologies during the 3rd quarter worth approximately $29,000. Finally, Citadel Advisors LLC acquired a new position in shares of Greenland Technologies during the 3rd quarter worth approximately $31,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenland Technologies Trading Up 24.3%

Shares of Greenland Technologies stock opened at $1.28 on Thursday. The company has a 50-day moving average of $0.99 and a two-hundred day moving average of $1.30. Greenland Technologies has a 12-month low of $0.58 and a 12-month high of $2.92. The company has a current ratio of 1.93, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. The stock has a market cap of $22.26 million, a PE ratio of 1.31 and a beta of 0.09.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings results on Friday, November 7th. The company reported $0.33 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.33. The business had revenue of $23.40 million for the quarter, compared to analysts’ expectations of $23.40 million. Greenland Technologies had a return on equity of 20.63% and a net margin of 16.38%. On average, research analysts anticipate that Greenland Technologies will post 0.49 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on GTEC shares. Wall Street Zen upgraded shares of Greenland Technologies from a “buy” rating to a “strong-buy” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d+)” rating on shares of Greenland Technologies in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenland Technologies presently has a consensus 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.