Greenland Technologies Holding Co. (NASDAQ:GTEC – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 188,700 shares, a drop of 9.6% from the September 15th total of 208,800 shares. Approximately 2.6% of the shares of the stock are short sold. Based on an average trading volume of 724,400 shares, the short-interest ratio is currently 0.3 days.
Greenland Technologies Price Performance
Shares of Greenland Technologies stock traded up $0.11 on Wednesday, hitting $2.32. The company’s stock had a trading volume of 65,631 shares, compared to its average volume of 259,528. The company has a market capitalization of $31.47 million, a price-to-earnings ratio of -2.05 and a beta of 1.47. Greenland Technologies has a 1 year low of $1.36 and a 1 year high of $3.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.28 and a current ratio of 1.60. The firm has a fifty day moving average price of $2.16 and a 200-day moving average price of $1.80.
Greenland Technologies (NASDAQ:GTEC – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.17. Greenland Technologies had a negative net margin of 13.91% and a negative return on equity of 24.95%. The firm had revenue of $23.02 million for the quarter, compared to analyst estimates of $24.00 million. As a group, sell-side analysts anticipate that Greenland Technologies will post 0.57 earnings per share for the current fiscal year.
Greenland Technologies Company Profile
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.
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