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

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a significant drop in short interest in 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. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 197,000 shares, the short-interest ratio is currently 0.1 days.

Greenland Technologies Trading Up 6.3 %

GTEC traded up $0.08 on Friday, hitting $1.34. The company had a trading volume of 26,624 shares, compared to its average volume of 265,018. Greenland Technologies has a 12-month low of $1.25 and a 12-month high of $2.94. The business’s fifty day simple moving average is $1.98 and its 200 day simple moving average is $2.15. The company has a market cap 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.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Two Sigma Advisers LP purchased a new position in shares of Greenland Technologies during the fourth quarter valued at approximately $56,000. Two Sigma Investments LP boosted its holdings in shares of Greenland Technologies by 30.9% in the fourth quarter. Two Sigma Investments LP now owns 118,601 shares of the company’s stock valued at $230,000 after purchasing an additional 28,009 shares during the period. Millennium Management LLC boosted its holdings in shares of Greenland Technologies by 138.3% in the fourth quarter. Millennium Management LLC now owns 49,673 shares of the company’s stock valued at $96,000 after purchasing an additional 28,824 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Greenland Technologies in the fourth quarter valued at approximately $60,000. Finally, Jane Street Group LLC purchased a new stake in shares of Greenland Technologies in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.