Greenland Technologies Holding Co. (NASDAQ:GTEC – Get Free Report) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 41,300 shares, a decrease of 53.9% from the January 31st total of 89,500 shares. Based on an average daily trading volume, of 187,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the shares of the company are sold short.
Hedge Funds Weigh In On Greenland Technologies
A number of hedge funds have recently bought and sold shares of GTEC. BNP Paribas Financial Markets acquired a new position in shares of Greenland Technologies during the 4th quarter worth approximately $60,000. Two Sigma Advisers LP purchased a new stake in Greenland Technologies in the 4th quarter worth $56,000. Millennium Management LLC raised its position in Greenland Technologies by 138.3% during the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after acquiring an additional 28,824 shares during the period. Two Sigma Investments LP lifted its holdings in Greenland Technologies by 30.9% during the fourth quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock valued at $230,000 after purchasing an additional 28,009 shares in the last quarter. Finally, Northern Trust Corp grew its position in shares of Greenland Technologies by 103.7% in the fourth quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after purchasing an additional 27,035 shares during the period. Hedge funds and other institutional investors own 10.89% of the company’s stock.
Greenland Technologies Stock Performance
GTEC traded up $0.09 on Monday, reaching $1.40. The stock had a trading volume of 186,270 shares, compared to its average volume of 257,904. The business’s 50-day moving average price is $2.08 and its two-hundred day moving average price is $2.20. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02. Greenland Technologies has a 12-month low of $1.26 and a 12-month high of $3.16. The company has a market cap of $19.03 million, a P/E ratio of -1.47 and a beta of 1.48.
About Greenland Technologies
Greenland Technologies Holding Corporation designs, develops, manufactures, and sells components and products for material handling industries worldwide. The company offers transmission products, such as transmission systems and integrated powertrain primarily for electric forklift trucks; electric industrial heavy equipment, including electric wheeled front loader, electric excavator, and electric lithium forklifts; and provides charging solutions.
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