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

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 89,500 shares, an increase of 72.4% from the January 15th total of 51,900 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 181,100 shares, the short-interest ratio is currently 0.5 days.

Greenland Technologies Price Performance

Shares of GTEC stock traded down $0.21 during trading on Friday, hitting $1.95. The company had a trading volume of 254,676 shares, compared to its average volume of 365,179. The firm has a market capitalization of $26.52 million, a P/E ratio of -2.05 and a beta of 1.48. Greenland Technologies has a one year low of $1.36 and a one year high of $3.69. 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’s 50-day moving average price is $2.15 and its 200 day moving average price is $2.17.

Institutional Trading of Greenland Technologies

Several large investors have recently modified their holdings of GTEC. Jane Street Group LLC bought a new stake in Greenland Technologies during the fourth quarter worth about $28,000. Walleye Trading LLC bought a new position in Greenland Technologies in the 4th quarter valued at about $33,000. Finally, Northern Trust Corp raised its position in shares of Greenland Technologies by 103.7% in the 4th quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after buying an additional 27,035 shares in the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

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.