Greenpro Capital Corp. (NASDAQ:GRNQ) Sees Significant Growth in Short Interest

Greenpro Capital Corp. (NASDAQ:GRNQ) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 14,596 shares, an increase of 53.5% from the March 15th total of 9,510 shares. Based on an average daily trading volume, of 31,447 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Investors Weigh In On Greenpro Capital

Large investors have recently modified their holdings of the stock. DRW Securities LLC acquired a new position in Greenpro Capital during the 4th quarter worth approximately $30,000. Susquehanna International Group LLP acquired a new stake in shares of Greenpro Capital during the third quarter valued at about $34,000. Finally, Geode Capital Management LLC lifted its stake in shares of Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after acquiring an additional 5,656 shares in the last quarter. Institutional investors and hedge funds own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Greenpro Capital Stock Performance

Greenpro Capital stock traded up $0.06 during trading on Wednesday, reaching $2.85. 13,841 shares of the company’s stock were exchanged, compared to its average volume of 23,519. Greenpro Capital has a 52-week low of $0.83 and a 52-week high of $3.18. The firm has a market cap of $24.60 million, a price-to-earnings ratio of -7.70 and a beta of 1.17. The company’s 50-day moving average is $2.12 and its two-hundred day moving average is $1.82.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory 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.