Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Rises 282.9%

Greenland Energy Co (NASDAQ:GLND) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 4,721,899 shares, a growth of 282.9% from the September 15th total of 1,233,044 shares. Based on an average daily volume of 60,821,359 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.8% of the company’s stock are sold short.

Greenland Energy Trading Down 8.0%

NASDAQ:GLND opened at $2.31 on Tuesday. The firm has a 50-day moving average price of $2.18. The stock has a market cap of $101.02 million, a PE ratio of -13.59 and a beta of -5.84. Greenland Energy has a 1-year low of $1.09 and a 1-year high of $23.00.

Greenland Energy (NASDAQ:GLND) last announced its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Institutional Investors Weigh In On Greenland Energy

A number of hedge funds have recently bought and sold shares of the business. State Street Corp acquired a new position in shares of Greenland Energy in the 2nd quarter valued at approximately $417,000. Resolute Advisors LLC purchased a new position in shares of Greenland Energy during the 2nd quarter valued at approximately $163,000. PEAK6 LLC acquired a new stake in shares of Greenland Energy during the second quarter worth approximately $143,000. Squarepoint Ops LLC acquired a new stake in shares of Greenland Energy during the second quarter worth approximately $41,000. Finally, NewEdge Wealth LLC acquired a new stake in shares of Greenland Energy during the second quarter worth approximately $33,000.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Wall Street Zen cut Greenland Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday. ThinkEquity assumed coverage on Greenland Energy in a research note on Monday, June 15th. They issued a “buy” rating for the company. Finally, Weiss Ratings upgraded Greenland Energy from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, October 2nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

About Greenland Energy

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.