Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 205,900 shares, a growth of 5,464.9% from the August 15th total of 3,700 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average trading volume of 685,200 shares, the short-interest ratio is presently 0.3 days.

Greenland Technologies Stock Performance

Greenland Technologies stock opened at $2.82 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.60 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $38.35 million, a PE ratio of -2.50 and a beta of 1.46. The firm has a fifty day simple moving average of $1.86 and a two-hundred day simple moving average of $1.85. Greenland Technologies has a twelve month low of $1.36 and a twelve month high of $4.23.

Greenland Technologies (NASDAQ:GTEC) last posted its quarterly earnings results on Wednesday, August 14th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.17. The business had revenue of $23.02 million during the quarter, compared to the consensus estimate of $24.00 million. Greenland Technologies had a negative net margin of 13.91% and a negative return on equity of 24.95%. Research analysts expect that Greenland Technologies will post 0.57 EPS for the current 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.