Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Down 41.2% in January

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a large drop in short interest in January. As of January 15th, there was short interest totalling 51,900 shares, a drop of 41.2% from the December 31st total of 88,300 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 175,000 shares, the short-interest ratio is currently 0.3 days.

Greenland Technologies Price Performance

GTEC stock traded down $0.18 during midday trading on Friday, hitting $2.41. 205,324 shares of the stock were exchanged, compared to its average volume of 331,859. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.31 and a current ratio of 1.68. Greenland Technologies has a fifty-two week low of $1.36 and a fifty-two week high of $3.69. The stock’s 50-day moving average price is $2.12 and its 200-day moving average price is $2.14.

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.