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

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 125,909 shares, a growth of 51.6% from the August 31st total of 83,069 shares. Based on an average daily trading volume, of 183,135 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the company’s shares are sold short.

Greenland Technologies Stock Up 5.9%

GTEC opened at $0.79 on Thursday. Greenland Technologies has a 52 week low of $0.47 and a 52 week high of $1.61. The stock has a market cap of $16.20 million, a PE ratio of 1.33 and a beta of 0.23. The business has a 50 day moving average of $0.84 and a 200-day moving average of $0.70.

Greenland Technologies (NASDAQ:GTEC) last issued its quarterly earnings results on Friday, August 14th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. The company had revenue of $29.88 million for the quarter, compared to analysts’ expectations of $22.80 million. Greenland Technologies had a return on equity of 17.02% and a net margin of 12.32%. Equities analysts anticipate that Greenland Technologies will post 0.59 EPS for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Greenland Technologies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Greenland Technologies Company Profile

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a technology company that develops and manufactures drivetrain systems for material-handling, construction and agricultural equipment. Its products include transmission systems, axles and other powertrain components used in industrial machinery and specialized vehicles.

Through its HEVI Corp. subsidiary, Greenland Technologies also develops electric industrial vehicles designed for material handling and off-road applications.