Greenpro Capital Corp. (NASDAQ:GRNQ) Stock Short Interest Rises 596.1%

Greenpro Capital Corp. (NASDAQ:GRNQ) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 14,019 shares, an increase of 596.1% from the August 31st total of 2,014 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average daily volume of 233,801 shares, the short-interest ratio is presently 0.1 days.

Insiders Place Their Bets

In other Greenpro Capital news, CEO Lee Kuang acquired 6,559 shares of the stock in a transaction on Tuesday, June 30th. The shares were bought at an average cost of $15.20 per share, with a total value of $99,696.80. Following the transaction, the chief executive officer owned 194,088 shares of the company’s stock, valued at approximately $2,950,137.60. This trade represents a 3.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 19.98% of the stock is currently owned by corporate insiders.

Greenpro Capital Trading Down 6.8%

NASDAQ:GRNQ opened at $10.55 on Friday. Greenpro Capital has a 12-month low of $5.51 and a 12-month high of $31.80. The stock’s 50 day simple moving average is $12.03 and its 200-day simple moving average is $16.89. The firm has a market cap of $19.10 million, a P/E ratio of -2.93 and a beta of 0.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Greenpro Capital in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Greenpro Capital presently has a consensus rating of “Sell”.

About Greenpro Capital

Greenpro Capital Corp. is a business consulting and financial-services company that provides cross-border corporate solutions, primarily for small and midsize businesses. Its services have included corporate advisory and consulting, accounting and bookkeeping outsourcing, tax planning, business structuring, and assistance with international expansion.

The company has also offered services related to family offices, trusts, asset protection, and wealth management, helping clients organize business and personal assets across multiple jurisdictions.