Short Interest in Greenpro Capital Corp. (NASDAQ:GRNQ) Declines By 38.3%

Greenpro Capital Corp. (NASDAQ:GRNQ) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 13,120 shares, a decrease of 38.3% from the June 30th total of 21,272 shares. Based on an average daily trading volume, of 5,047 shares, the short-interest ratio is presently 2.6 days. Currently, 0.1% of the shares of the company are sold short.

Insider Transactions at Greenpro Capital

In related news, CEO Chong Kuang Lee bought 65,591 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $1.52 per share, for a total transaction of $99,698.32. Following the purchase, the chief executive officer owned 1,940,884 shares of the company’s stock, valued at $2,950,143.68. This trade represents a 3.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.98% of the stock is owned by company insiders.

Institutional Investors Weigh In On Greenpro Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DRW Securities LLC purchased a new position in shares of Greenpro Capital in the 4th quarter worth about $30,000. Geode Capital Management LLC grew its holdings in shares of Greenpro Capital by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after purchasing an additional 5,656 shares during the period. Finally, Susquehanna International Group LLP purchased a new stake in shares of Greenpro Capital during the 3rd quarter worth about $34,000. 0.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Greenpro Capital presently has an average rating of “Sell”.

Greenpro Capital Stock Performance

Shares of NASDAQ GRNQ opened at $1.28 on Friday. Greenpro Capital has a 1 year low of $1.03 and a 1 year high of $3.18. The firm has a market cap of $23.08 million, a P/E ratio of -3.28 and a beta of 0.95. The firm’s 50 day moving average price is $1.42 and its 200 day moving average price is $1.84.

Greenpro Capital (NASDAQ:GRNQ) last released its earnings results on Friday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. Greenpro Capital had a negative return on equity of 31.13% and a negative net margin of 153.32%.The company had revenue of $0.41 million during the quarter.

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.