Greenland Technologies Holding Corporation (NASDAQ:GTEC) Sees Significant Decline in Short Interest

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a large decrease in short interest in April. As of April 30th, there was short interest totaling 130,908 shares, a decrease of 37.9% from the April 15th total of 210,748 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average trading volume of 66,014 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Greenland Technologies

Several large investors have recently bought and sold shares of the business. Mariner LLC lifted its position in Greenland Technologies by 97.1% during the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Greenland Technologies during the 3rd quarter valued at about $29,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the 3rd quarter valued at about $31,000. Finally, GSA Capital Partners LLP bought a new position in shares of Greenland Technologies in the 3rd quarter valued at about $34,000. Institutional investors own 10.89% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GTEC. Weiss Ratings lowered Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. Wall Street Zen cut 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, According to MarketBeat, Greenland Technologies has a consensus rating of “Sell”.

Greenland Technologies Stock Down 7.4%

GTEC stock traded down $0.04 during mid-day trading on Friday, hitting $0.53. The company had a trading volume of 130,053 shares, compared to its average volume of 105,621. The company has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.88. Greenland Technologies has a 12-month low of $0.47 and a 12-month high of $2.47. The company has a market capitalization of $10.84 million, a price-to-earnings ratio of 2.11 and a beta of 0.12.

Greenland Technologies (NASDAQ:GTEC) last issued its earnings results on Wednesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter. Greenland Technologies had a return on equity of 8.54% and a net margin of 6.27%.The firm had revenue of $25.54 million for the quarter.

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.