Greenland Technologies Holding Co. (NASDAQ:GTEC) Sees Significant Decline in Short Interest

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totalling 400 shares, a decrease of 90.9% from the June 15th total of 4,400 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 31,200 shares, the days-to-cover ratio is currently 0.0 days.

Greenland Technologies Stock Performance

NASDAQ:GTEC traded down $0.23 during trading on Friday, reaching $1.75. The company’s stock had a trading volume of 143,142 shares, compared to its average volume of 40,101. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.99 and a current ratio of 1.30. The firm has a market cap of $23.81 million, a price-to-earnings ratio of -1.55 and a beta of 1.44. Greenland Technologies has a 12 month low of $1.36 and a 12 month high of $5.25. The firm has a 50 day moving average of $1.49 and a 200-day moving average of $2.29.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings results on Wednesday, May 15th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.07. The company had revenue of $22.72 million during the quarter, compared to the consensus estimate of $23.00 million. Greenland Technologies had a negative return on equity of 23.09% and a negative net margin of 16.31%. Research analysts expect that Greenland Technologies will post 0.39 EPS for the current fiscal year.

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.