Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Update

Greenland Technologies Holding Co. (NASDAQ:GTEC) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 4,800 shares, a growth of 1,100.0% from the June 30th total of 400 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 41,900 shares, the short-interest ratio is currently 0.1 days.

Greenland Technologies Stock Performance

Shares of GTEC opened at $1.81 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.30 and a debt-to-equity ratio of 0.03. Greenland Technologies has a 52-week low of $1.36 and a 52-week high of $5.25. The company has a 50-day simple moving average of $1.53 and a 200-day simple moving average of $2.22. The company has a market capitalization of $24.62 million, a PE ratio of -1.60 and a beta of 1.44.

Greenland Technologies (NASDAQ:GTEC) last announced its earnings results on Wednesday, May 15th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.03 by $0.07. Greenland Technologies had a negative net margin of 16.31% and a negative return on equity of 23.09%. The firm had revenue of $22.72 million during the quarter, compared to the consensus estimate of $23.00 million. Equities research analysts predict that Greenland Technologies will post 0.39 earnings per share for the current fiscal 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.