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

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 41,300 shares, a drop of 53.9% from the January 31st total of 89,500 shares. Based on an average daily trading volume, of 187,000 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of Greenland Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of GTEC. Jane Street Group LLC purchased a new position in shares of Greenland Technologies in the fourth quarter valued at approximately $28,000. Walleye Trading LLC purchased a new position in Greenland Technologies in the 4th quarter valued at approximately $33,000. Two Sigma Advisers LP purchased a new position in Greenland Technologies in the 4th quarter valued at approximately $56,000. BNP Paribas Financial Markets acquired a new position in shares of Greenland Technologies in the fourth quarter worth $60,000. Finally, Millennium Management LLC increased its position in shares of Greenland Technologies by 138.3% during the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after acquiring an additional 28,824 shares during the period. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenland Technologies Trading Down 20.1 %

Shares of NASDAQ GTEC traded down $0.33 during trading on Friday, reaching $1.31. The stock had a trading volume of 523,996 shares, compared to its average volume of 259,716. The business’s 50-day moving average price is $2.09 and its 200-day moving average price is $2.19. Greenland Technologies has a fifty-two week low of $1.26 and a fifty-two week high of $3.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.31 and a current ratio of 1.68. The company has a market cap of $17.81 million, a P/E ratio of -1.38 and a beta of 1.48.

Greenland Technologies Company Profile

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.