Greenpro Capital Corp. (NASDAQ:GRNQ) Shares Shorted: Short Interest Up 67.3% in October

Greenpro Capital Corp. (NASDAQ:GRNQ) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 6,783 shares, an increase of 67.3% from the September 30th total of 4,054 shares. Based on an average daily volume of 71,065 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the shares of the company are sold short.

Greenpro Capital Price Performance

Shares of GRNQ stock opened at $6.44 on Wednesday. The stock has a market cap of $11.66 million, a P/E ratio of -1.79 and a beta of 0.51. Greenpro Capital has a one year low of $5.51 and a one year high of $31.80. The stock has a fifty day moving average price of $9.89 and a 200 day moving average price of $15.72.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GRNQ shares. Wall Street Zen upgraded shares of Greenpro Capital to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Greenpro Capital in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company has a consensus rating of “Sell”.

About Greenpro Capital

Greenpro Capital Corp. (NASDAQ:GRNQ) is a Hong Kong-based business consulting and financial services company that provides corporate advisory and business solutions to clients, particularly in Asia. Its services are designed to help companies establish, manage, and expand their operations across international markets.

The company’s activities have included corporate structuring, accounting and financial reporting support, tax planning, business consulting, and assistance with cross-border transactions.