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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the recipient of 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 days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GTEC shares. Wall Street Zen downgraded shares of Greenland Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Greenland Technologies Stock Down 1.7%

Shares of GTEC stock opened at $0.63 on Friday. The company has a market cap of $12.94 million, a P/E ratio of 2.52 and a beta of 0.12. The business has a 50 day moving average of $0.66 and a two-hundred day moving average of $0.84. Greenland Technologies has a 52 week low of $0.47 and a 52 week high of $2.26.

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

Institutional Investors Weigh In On Greenland Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP acquired a new position in shares of Greenland Technologies during the third quarter valued at $29,000. Citadel Advisors LLC acquired a new stake in shares of Greenland Technologies in the 3rd quarter worth about $31,000. GSA Capital Partners LLP bought a new stake in Greenland Technologies in the 3rd quarter valued at about $34,000. Finally, Mariner LLC boosted its stake in Greenland Technologies by 97.1% during the 4th 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 period. 10.89% of the stock is currently owned by institutional investors.

About Greenland Technologies

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.