Greenland Technologies Holding Co. (NASDAQ:GTEC) Sees Significant Growth in Short Interest

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 89,500 shares, a growth of 72.4% from the January 15th total of 51,900 shares. Based on an average daily volume of 181,100 shares, the short-interest ratio is currently 0.5 days. Currently, 1.3% of the company’s stock are sold short.

Greenland Technologies Stock Down 9.7 %

Shares of GTEC traded down $0.21 during trading hours on Friday, reaching $1.95. 254,676 shares of the stock traded hands, compared to its average volume of 365,179. The company has a current ratio of 1.68, a quick ratio of 1.31 and a debt-to-equity ratio of 0.02. The stock has a fifty day simple moving average of $2.15 and a 200 day simple moving average of $2.17. Greenland Technologies has a 52 week low of $1.36 and a 52 week high of $3.69. The company has a market cap of $26.52 million, a price-to-earnings ratio of -2.05 and a beta of 1.48.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Greenland Technologies during the fourth quarter valued at about $28,000. Northern Trust Corp lifted its position in shares of Greenland Technologies by 103.7% during the fourth quarter. Northern Trust Corp now owns 53,101 shares of the company’s stock valued at $103,000 after purchasing an additional 27,035 shares in the last quarter. Finally, Walleye Trading LLC bought a new position in shares of Greenland Technologies during the fourth quarter valued at about $33,000. 10.89% of the stock is owned by institutional investors.

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.