Greenpro Capital Corp. (NASDAQ:GRNQ) Short Interest Update

Greenpro Capital Corp. (NASDAQ:GRNQ) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,543 shares, a decline of 87.0% from the July 30th total of 11,895 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 3,748 shares, the days-to-cover ratio is currently 0.4 days.

Greenpro Capital Price Performance

NASDAQ:GRNQ traded up $0.31 during trading hours on Thursday, hitting $12.81. 7,048 shares of the company were exchanged, compared to its average volume of 3,569. Greenpro Capital has a 52-week low of $5.51 and a 52-week high of $31.80. The stock has a market capitalization of $23.22 million, a price-to-earnings ratio of -3.56 and a beta of 1.00. The company’s 50 day moving average price is $12.81 and its 200-day moving average price is $17.54.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Activity at Greenpro Capital

In other news, CEO Chong Kuang Lee purchased 6,559 shares of the stock in a transaction dated Tuesday, June 30th. The shares were acquired at an average cost of $15.20 per share, for a total transaction of $99,696.80. Following the acquisition, the chief executive officer owned 194,088 shares of the company’s stock, valued at approximately $2,950,137.60. This represents a 3.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 19.98% of the company’s stock.

Hedge Funds Weigh In On Greenpro Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Greenpro Capital during the 3rd quarter valued at about $34,000. Geode Capital Management LLC raised its stake in shares of Greenpro Capital by 7.7% in the fourth 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 last quarter. Finally, DRW Securities LLC acquired a new stake in shares of Greenpro Capital during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 0.87% of the company’s stock.

Greenpro Capital Company Profile

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.