Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 47,765 shares, a decrease of 63.5% from the April 30th total of 130,908 shares. Based on an average trading volume of 145,857 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the stock are sold short.

Greenland Technologies Stock Down 1.7%

Shares of GTEC traded down $0.01 during mid-day trading on Friday, reaching $0.63. The company’s stock had a trading volume of 156,573 shares, compared to its average volume of 163,857. The business has a fifty day moving average of $0.66 and a 200 day moving average of $0.84. The company has a market cap of $12.93 million, a price-to-earnings ratio of 2.52 and a beta of 0.11. Greenland Technologies has a 1 year low of $0.47 and a 1 year high of $2.26.

Greenland Technologies (NASDAQ:GTEC) last released its earnings results on Wednesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $25.54 million during the quarter. Greenland Technologies had a return on equity of 8.54% and a net margin of 6.27%. On average, analysts predict that Greenland Technologies will post 0.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Weiss Ratings downgraded Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, February 10th. Wall Street Zen lowered Greenland Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Greenland Technologies

Several hedge funds and other institutional investors have recently modified their holdings of GTEC. GSA Capital Partners LLP purchased a new stake in shares of Greenland Technologies during the third quarter worth $34,000. Centiva Capital LP purchased a new stake in shares of Greenland Technologies during the third quarter worth $29,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the third quarter worth $31,000. Finally, Mariner LLC raised its holdings in shares of Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after acquiring an additional 20,000 shares in the last quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenland Technologies Company Profile

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.