Greenland Technologies Holding Co. (NASDAQ:GTEC) Sees Large Growth in Short Interest

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 4,800 shares, a growth of 1,100.0% from the June 30th total of 400 shares. Based on an average daily volume of 41,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

Greenland Technologies Price Performance

NASDAQ:GTEC opened at $1.81 on Friday. The business’s 50-day moving average is $1.53 and its 200 day moving average is $2.22. Greenland Technologies has a 12 month low of $1.36 and a 12 month high of $5.25. The company has a market capitalization of $24.62 million, a P/E ratio of -1.60 and a beta of 1.44. The company has a current ratio of 1.30, a quick ratio of 0.99 and a debt-to-equity ratio of 0.03.

Greenland Technologies (NASDAQ:GTEC) last posted its earnings results on Wednesday, May 15th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. Greenland Technologies had a negative return on equity of 23.09% and a negative net margin of 16.31%. The firm had revenue of $22.72 million for the quarter, compared to analysts’ expectations of $23.00 million. On average, equities research analysts forecast that Greenland Technologies will post 0.39 earnings per share for the current fiscal year.

About Greenland Technologies

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.