Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 89,500 shares, an increase of 72.4% from the January 15th total of 51,900 shares. Currently, 1.3% of the company’s shares are short sold. Based on an average daily volume of 181,100 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Greenland Technologies

Several large investors have recently added to or reduced their stakes in GTEC. Jane Street Group LLC purchased a new stake in Greenland Technologies in the 4th quarter valued at about $28,000. Walleye Trading LLC purchased a new stake in Greenland Technologies in the 4th quarter valued at about $33,000. Finally, Northern Trust Corp boosted its position in Greenland Technologies by 103.7% in the 4th quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after buying an additional 27,035 shares during the period. 10.89% of the stock is owned by hedge funds and other institutional investors.

Greenland Technologies Trading Down 9.7 %

Greenland Technologies stock traded down $0.21 during trading hours on Friday, hitting $1.95. The company had a trading volume of 254,676 shares, compared to its average volume of 365,179. The firm has a market cap of $26.52 million, a P/E ratio of -2.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.31 and a current ratio of 1.68. Greenland Technologies has a 1 year low of $1.36 and a 1 year high of $3.69. The company has a 50-day moving average price of $2.15 and a two-hundred day moving average price of $2.17.

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.