Greenland Energy Co (NASDAQ:GLND – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 8,920,833 shares, a growth of 88.9% from the September 30th total of 4,721,899 shares. Based on an average trading volume of 20,806,624 shares, the short-interest ratio is presently 0.4 days. Currently, 20.4% of the shares of the company are short sold.
Institutional Trading of Greenland Energy
Hedge funds have recently modified their holdings of the company. NewEdge Wealth LLC purchased a new stake in Greenland Energy in the 2nd quarter valued at $33,000. Squarepoint Ops LLC acquired a new position in Greenland Energy in the second quarter valued at $41,000. PEAK6 LLC acquired a new position in Greenland Energy during the second quarter worth $143,000. Resolute Advisors LLC purchased a new stake in Greenland Energy during the second quarter valued at about $163,000. Finally, State Street Corp acquired a new position in shares of Greenland Energy during the second quarter worth $417,000.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on GLND shares. Wall Street Zen cut shares of Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings upgraded Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.
Check Out Our Latest Analysis on GLND
Greenland Energy Price Performance
GLND stock opened at $2.68 on Tuesday. Greenland Energy has a 12 month low of $1.09 and a 12 month high of $23.00. The company has a 50 day moving average price of $2.60.
Greenland Energy (NASDAQ:GLND – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.13) earnings per share for the quarter.
About Greenland Energy
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.
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