Short Interest in Greenland Technologies Holding Corporation (NASDAQ:GTEC) Declines By 21.4%

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the recipient of a large decline in short interest in February. As of February 13th, there was short interest totaling 505,943 shares, a decline of 21.4% from the January 29th total of 643,486 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily volume of 295,151 shares, the days-to-cover ratio is currently 1.7 days. Based on an average daily volume of 295,151 shares, the days-to-cover ratio is currently 1.7 days. Approximately 4.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mariner LLC grew its holdings in shares of Greenland Technologies by 97.1% in the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares during the period. Centiva Capital LP acquired a new position in Greenland Technologies in the 3rd quarter valued at about $29,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies in the 3rd quarter valued at approximately $31,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Greenland Technologies in the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Greenland Technologies Price Performance

GTEC stock opened at $0.70 on Monday. Greenland Technologies has a 1 year low of $0.58 and a 1 year high of $2.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. The firm has a market capitalization of $12.17 million, a PE ratio of 0.71 and a beta of 0.06. The business has a 50 day simple moving average of $0.92 and a 200-day simple moving average of $1.11.

Analysts Set New Price Targets

GTEC has been the topic of several analyst reports. Weiss Ratings lowered shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. Wall Street Zen raised shares of Greenland Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenland Technologies 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.