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

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,900 shares, a drop 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. Approximately 0.3% of the shares of the company are sold short.

Hedge Funds Weigh In On Greenland Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP purchased a new stake in Greenland Technologies in the fourth quarter worth about $56,000. Two Sigma Investments LP grew its stake in shares of Greenland Technologies by 30.9% during the 4th quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock valued at $230,000 after acquiring an additional 28,009 shares during the period. Millennium Management LLC increased its holdings in Greenland Technologies by 138.3% in the 4th quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after acquiring an additional 28,824 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in Greenland Technologies during the 4th quarter worth approximately $60,000. Finally, Jane Street Group LLC purchased a new position in Greenland Technologies during the fourth quarter valued at approximately $28,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

Greenland Technologies Stock Performance

Shares of NASDAQ GTEC traded up $0.08 during midday trading on Friday, hitting $1.34. 26,624 shares of the company’s stock traded hands, compared to its average volume of 265,018. 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 stock has a market capitalization of $18.22 million, a price-to-earnings ratio of -1.41 and a beta of 1.49. The firm has a fifty day moving average of $1.98 and a 200 day moving average of $2.15. Greenland Technologies has a 1 year low of $1.25 and a 1 year high of $2.94.

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.