Short Interest in Greenland Technologies Holding Co. (NASDAQ:GTEC) Decreases By 22.1%

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 164,700 shares, a decrease of 22.1% from the October 15th total of 211,300 shares. Based on an average trading volume of 732,900 shares, the short-interest ratio is presently 0.2 days. Approximately 2.3% of the company’s shares are sold short.

Greenland Technologies Trading Down 0.9 %

GTEC traded down $0.02 during midday trading on Friday, reaching $2.20. 71,339 shares of the company’s stock traded hands, compared to its average volume of 115,118. The stock has a market capitalization of $29.92 million, a price-to-earnings ratio of -2.32 and a beta of 1.48. Greenland Technologies has a 52 week low of $1.36 and a 52 week high of $3.84. The firm has a fifty day moving average of $2.39 and a two-hundred day moving average of $1.90. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.28.

Greenland Technologies (NASDAQ:GTEC) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.17. Greenland Technologies had a negative return on equity of 24.28% and a negative net margin of 14.16%. The company had revenue of $23.02 million during the quarter, compared to analyst estimates of $24.00 million. On average, equities 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.