Greenland Technologies Holding Co. (NASDAQ:GTEC) Short Interest Up 37.5% in July

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 6,600 shares, a growth of 37.5% from the July 15th total of 4,800 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 44,400 shares, the days-to-cover ratio is currently 0.1 days.

Greenland Technologies Stock Performance

Greenland Technologies stock traded up $0.12 during midday trading on Thursday, hitting $1.60. 4,047,745 shares of the company’s stock were exchanged, compared to its average volume of 64,359. The firm’s 50 day simple moving average is $1.54 and its 200 day simple moving average is $2.03. Greenland Technologies has a 12-month low of $1.36 and a 12-month high of $5.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.99 and a current ratio of 1.30. The stock has a market cap of $21.75 million, a price-to-earnings ratio of -1.31 and a beta of 1.44.

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