Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Down 47.0% in February

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a large decline in short interest in February. As of February 28th, there was short interest totalling 21,900 shares, a decline of 47.0% from the February 13th total of 41,300 shares. Based on an average daily volume of 197,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.3% of the shares of the stock are short sold.

Greenland Technologies Trading Down 5.3 %

Greenland Technologies stock opened at $1.26 on Friday. The stock has a market cap of $17.13 million, a P/E ratio of -1.33 and a beta of 1.49. Greenland Technologies has a fifty-two week low of $1.25 and a fifty-two week high of $2.94. The firm’s fifty day moving average price is $2.00 and its 200-day moving average price is $2.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.31 and a current ratio of 1.68.

Institutional Trading of Greenland Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new position in shares of Greenland Technologies in the fourth quarter worth approximately $28,000. Walleye Trading LLC purchased a new stake in shares of Greenland Technologies during the 4th quarter valued at $33,000. Northern Trust Corp lifted its holdings in shares of Greenland Technologies by 103.7% during the 4th quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock worth $103,000 after acquiring an additional 27,035 shares during the last quarter. Two Sigma Investments LP grew its position in Greenland Technologies by 30.9% in the fourth quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock worth $230,000 after acquiring an additional 28,009 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Greenland Technologies by 138.3% in the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock valued at $96,000 after acquiring an additional 28,824 shares during the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.