Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Report for September

Greenland Energy Co (NASDAQ:GLND) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 4,721,899 shares, an increase of 282.9% from the September 15th total of 1,233,044 shares. Based on an average trading volume of 60,821,359 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.8% of the company’s shares are sold short.

Institutional Trading of Greenland Energy

Several large investors have recently modified their holdings of the business. State Street Corp bought a new position in Greenland Energy during the 2nd quarter valued at approximately $417,000. Squarepoint Ops LLC purchased a new stake in Greenland Energy in the 2nd quarter worth approximately $41,000. Resolute Advisors LLC purchased a new stake in Greenland Energy in the 2nd quarter worth approximately $163,000. PEAK6 LLC bought a new stake in shares of Greenland Energy in the 2nd quarter worth approximately $143,000. Finally, NewEdge Wealth LLC bought a new stake in shares of Greenland Energy in the 2nd quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Weiss Ratings raised Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. ThinkEquity started coverage on Greenland Energy in a research note on Monday, June 15th. They set a “buy” rating for the company. Finally, Wall Street Zen lowered Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Greenland Energy Trading Down 3.8%

Greenland Energy stock traded down $0.10 during trading hours on Friday, reaching $2.51. The stock had a trading volume of 2,286,647 shares, compared to its average volume of 35,644,040. The stock has a market cap of $109.76 million, a PE ratio of -14.76 and a beta of -5.84. Greenland Energy has a 52 week low of $1.09 and a 52 week high of $23.00. The company’s fifty day simple moving average is $2.18.

Greenland Energy (NASDAQ:GLND) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Greenland Energy Company Profile

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.