Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Down 9.6% in September

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 188,700 shares, a decline of 9.6% from the September 15th total of 208,800 shares. Based on an average daily volume of 724,400 shares, the short-interest ratio is presently 0.3 days. Approximately 2.6% of the shares of the stock are short sold.

Greenland Technologies Price Performance

GTEC stock traded down $0.06 during mid-day trading on Thursday, hitting $2.26. 38,681 shares of the stock were exchanged, compared to its average volume of 258,429. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.60 and a quick ratio of 1.28. The business has a fifty day moving average price of $2.16 and a 200 day moving average price of $1.80. Greenland Technologies has a 12 month low of $1.36 and a 12 month high of $3.84. The stock has a market capitalization of $30.72 million, a price-to-earnings ratio of -2.05 and a beta of 1.47.

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