Short Interest in Greenland Technologies Holding Co. (NASDAQ:GTEC) Drops By 11.2%

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 86,100 shares, a drop of 11.2% from the November 30th total of 97,000 shares. Based on an average trading volume of 92,900 shares, the short-interest ratio is presently 0.9 days. Currently, 1.2% of the company’s shares are short sold.

Greenland Technologies Price Performance

NASDAQ:GTEC opened at $2.03 on Monday. The firm has a market capitalization of $27.60 million, a price-to-earnings ratio of -2.14 and a beta of 1.43. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.68 and a quick ratio of 1.31. The business has a 50 day simple moving average of $2.24 and a 200-day simple moving average of $2.02. Greenland Technologies has a 1 year low of $1.36 and a 1 year high of $3.84.

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.