Greenland Technologies Holding Corporation (NASDAQ:GTEC) Short Interest Down 38.5% in June

Greenland Technologies Holding Corporation (NASDAQ:GTEC) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 54,590 shares, a decline of 38.5% from the May 31st total of 88,719 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 104,099 shares, the short-interest ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

GTEC has been the subject of a number of research reports. Wall Street Zen downgraded Greenland Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings restated a “sell (d)” rating on shares of Greenland Technologies in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Greenland Technologies Stock Performance

GTEC traded down $0.04 during trading hours on Thursday, reaching $0.56. The company’s stock had a trading volume of 113,228 shares, compared to its average volume of 289,899. The company’s 50-day moving average is $0.61 and its 200-day moving average is $0.77. The firm has a market cap of $11.48 million, a PE ratio of 2.22 and a beta of 0.13. Greenland Technologies has a 52 week low of $0.47 and a 52 week high of $2.09.

Greenland Technologies (NASDAQ:GTEC) last released its quarterly earnings results on Wednesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter. Greenland Technologies had a return on equity of 8.54% and a net margin of 6.27%.The business had revenue of $25.54 million during the quarter. Equities analysts anticipate that Greenland Technologies will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Greenland Technologies

Institutional investors have recently modified their holdings of the stock. Centiva Capital LP acquired a new stake in shares of Greenland Technologies during the 3rd quarter worth $29,000. Citadel Advisors LLC acquired a new position in Greenland Technologies in the third quarter valued at about $31,000. Finally, Mariner LLC raised its stake in Greenland Technologies by 97.1% in the fourth quarter. Mariner LLC now owns 40,596 shares of the company’s stock valued at $25,000 after purchasing an additional 20,000 shares in the last quarter. 10.89% of the stock is currently owned by institutional investors.

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.