Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Down 28.2% in February

Greenland Technologies Holding Corporation (NASDAQ:GTEC) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 363,410 shares, a decline of 28.2% from the February 12th total of 505,943 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 155,066 shares, the days-to-cover ratio is presently 2.3 days. Based on an average daily trading volume, of 155,066 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.3% of the company’s shares are short sold.

Greenland Technologies Trading Down 2.6%

NASDAQ:GTEC traded down $0.02 during mid-day trading on Friday, reaching $0.72. The company’s stock had a trading volume of 78,507 shares, compared to its average volume of 133,900. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.93 and a quick ratio of 1.47. The stock has a market cap of $12.54 million, a P/E ratio of 0.74 and a beta of 0.06. The company’s fifty day simple moving average is $0.92 and its two-hundred day simple moving average is $1.07. Greenland Technologies has a twelve month low of $0.58 and a twelve month high of $2.58.

Hedge Funds Weigh In On Greenland Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP purchased a new position in Greenland Technologies during the third quarter worth approximately $34,000. Citadel Advisors LLC purchased a new stake in shares of Greenland Technologies during the 3rd quarter valued at $31,000. Centiva Capital LP acquired a new stake in shares of Greenland Technologies during the 3rd quarter worth $29,000. Finally, Mariner LLC raised its position in shares of Greenland Technologies by 97.1% in the 4th quarter. Mariner LLC now owns 40,596 shares of the company’s stock worth $25,000 after buying an additional 20,000 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GTEC shares. Wall Street Zen raised shares of Greenland Technologies from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings cut shares of Greenland Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, February 10th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenland Technologies currently has a consensus rating of “Sell”.

About Greenland Technologies

Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a China-based designer and manufacturer of clean energy solutions specializing in biomass resource utilization. The company develops and produces pellet fuel production lines, biomass boilers, pellet stoves and turnkey systems for sustainable heat and power generation. Its product portfolio also includes industrial‐scale pelletizers, dryers, combustion equipment and control systems optimized for agricultural and forestry residues.

Beyond equipment supply, Greenland Technologies provides engineering, procurement and construction (EPC) services, along with installation, commissioning and maintenance support for biomass energy facilities.