Greenpro Capital Corp. (NASDAQ:GRNQ) Sees Large Decline in Short Interest

Greenpro Capital Corp. (NASDAQ:GRNQ) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,543 shares, a decline of 87.0% from the July 30th total of 11,895 shares. Based on an average daily trading volume, of 3,748 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold.

Greenpro Capital Trading Up 1.6%

NASDAQ GRNQ traded up $0.19 during mid-day trading on Wednesday, hitting $12.26. The company’s stock had a trading volume of 680 shares, compared to its average volume of 3,544. The firm has a market capitalization of $22.19 million, a price-to-earnings ratio of -3.41 and a beta of 1.00. The company’s 50 day simple moving average is $12.83 and its 200 day simple moving average is $17.58. Greenpro Capital has a twelve month low of $5.51 and a twelve month high of $31.80.

Analyst Ratings Changes

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

Insider Activity at Greenpro Capital

In related news, CEO Chong Kuang Lee acquired 6,559 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of $15.20 per share, for a total transaction of $99,696.80. Following the purchase, the chief executive officer directly owned 194,088 shares of the company’s stock, valued at $2,950,137.60. The trade was a 3.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.98% of the stock is currently owned by company insiders.

Institutional Trading of Greenpro Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock worth $143,000 after purchasing an additional 5,656 shares during the last quarter. Susquehanna International Group LLP bought a new stake in Greenpro Capital during the third quarter worth $34,000. Finally, DRW Securities LLC purchased a new stake in Greenpro Capital in the 4th quarter valued at $30,000. 0.87% of the stock is owned by institutional investors.

About Greenpro Capital

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.