Short Interest in Greenland Technologies Holding Co. (NASDAQ:GTEC) Decreases By 11.2%

Greenland Technologies Holding Co. (NASDAQ:GTEC) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totalling 86,100 shares, a decline of 11.2% from the November 30th total of 97,000 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 92,900 shares, the days-to-cover ratio is presently 0.9 days.

Greenland Technologies Stock Performance

NASDAQ:GTEC opened at $2.03 on Monday. The company has a market cap of $27.60 million, a price-to-earnings ratio of -2.14 and a beta of 1.43. Greenland Technologies has a 1 year low of $1.36 and a 1 year high of $3.84. The stock’s 50 day simple moving average is $2.24 and its two-hundred day simple moving average is $2.02. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.68 and a quick ratio of 1.31.

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.