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

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 21,900 shares, a drop of 47.0% from the February 13th total of 41,300 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 197,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Greenland Technologies

Hedge funds have recently modified their holdings of the company. Two Sigma Investments LP increased its holdings in shares of Greenland Technologies by 30.9% in the 4th quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock worth $230,000 after buying an additional 28,009 shares during the last quarter. Northern Trust Corp grew its position in Greenland Technologies by 103.7% in the fourth quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock worth $103,000 after acquiring an additional 27,035 shares in the last quarter. Millennium Management LLC increased its stake in Greenland Technologies by 138.3% during the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock worth $96,000 after acquiring an additional 28,824 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Greenland Technologies during the fourth quarter valued at approximately $60,000. Finally, Two Sigma Advisers LP bought a new stake in shares of Greenland Technologies in the 4th quarter valued at approximately $56,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Greenland Technologies Price Performance

NASDAQ GTEC traded up $0.08 on Friday, reaching $1.34. The company had a trading volume of 26,624 shares, compared to its average volume of 265,018. The firm’s 50 day moving average price is $1.98 and its 200 day moving average price is $2.15. Greenland Technologies has a 12 month low of $1.25 and a 12 month high of $2.94. The stock has a market capitalization of $18.22 million, a PE ratio of -1.41 and a beta of 1.49. The company has a quick ratio of 1.31, a current ratio of 1.68 and a debt-to-equity ratio of 0.02.

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.