Greenland Energy Co (NASDAQ:GLND) Short Interest Update

Greenland Energy Co (NASDAQ:GLNDGet Free Report) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 1,940,724 shares, an increase of 89.0% from the June 15th total of 1,026,681 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average trading volume of 1,326,267 shares, the days-to-cover ratio is currently 1.5 days.

Greenland Energy Price Performance

Shares of NASDAQ:GLND traded down $0.05 on Thursday, hitting $2.31. 669,264 shares of the company were exchanged, compared to its average volume of 1,701,747. The firm’s 50 day moving average price is $2.67. Greenland Energy has a one year low of $2.03 and a one year high of $23.00. The stock has a market capitalization of $101.02 million and a price-to-earnings ratio of -57.75.

Greenland Energy (NASDAQ:GLNDGet Free Report) last released its earnings results on Wednesday, May 13th. The company reported ($0.04) earnings per share for the quarter.

Analysts Set New Price Targets

Several research firms have weighed in on GLND. Wall Street Zen raised Greenland Energy to a “sell” rating in a research note on Saturday, May 30th. ThinkEquity began coverage on shares of Greenland Energy in a report on Monday, June 15th. They set a “buy” rating for the company. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy”.

Get Our Latest Report on GLND

Insider Buying and Selling

In other news, Director Larry G. Swets, Jr. acquired 25,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were purchased at an average cost of $2.79 per share, for a total transaction of $69,750.00. Following the transaction, the director owned 500,000 shares in the company, valued at approximately $1,395,000. This trade represents a 5.26% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have purchased 70,000 shares of company stock valued at $189,050.

Greenland Energy Company Profile

(Get Free Report)

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.

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