Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Up 12.0% in October

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 211,300 shares, an increase of 12.0% from the September 30th total of 188,700 shares. Based on an average trading volume of 716,900 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.9% of the company’s shares are sold short.

Greenland Technologies Trading Down 9.1 %

Greenland Technologies stock traded down $0.25 during trading hours on Thursday, reaching $2.51. The company had a trading volume of 100,659 shares, compared to its average volume of 253,491. The firm has a market cap of $34.12 million, a price-to-earnings ratio of -2.59 and a beta of 1.47. Greenland Technologies has a 12-month low of $1.36 and a 12-month high of $3.84. 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 company has a 50-day moving average price of $2.31 and a 200 day moving average price of $1.84.

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