Greenpro Capital Corp. (NASDAQ:GRNQ) Short Interest Down 60.9% in May

by · The Markets Daily

Greenpro Capital Corp. (NASDAQ:GRNQ – Get Free Report) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 6,511 shares, a drop of 60.9% from the April 30th total of 16,643 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 13,810 shares, the days-to-cover ratio is presently 0.5 days.

Insider Activity

In other Greenpro Capital news, CEO Chong Kuang Lee bought 107,310 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was purchased at an average cost of $2.33 per share, for a total transaction of $250,032.30. Following the acquisition, the chief executive officer owned 1,846,344 shares of the company’s stock, valued at $4,301,981.52. The trade was a 6.17% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 39.67% of the stock is owned by corporate insiders.

Institutional Trading of Greenpro Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DRW Securities LLC acquired a new stake in Greenpro Capital in the fourth quarter worth about $30,000. Susquehanna International Group LLP acquired a new position in shares of Greenpro Capital in the 3rd quarter valued at about $34,000. Finally, Geode Capital Management LLC increased its holdings in shares of Greenpro Capital by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after purchasing an additional 5,656 shares during the period. Institutional investors own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Greenpro Capital in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Greenpro Capital currently has a consensus rating of “Sell”.

Get Our Latest Research Report on Greenpro Capital

Greenpro Capital Price Performance

GRNQ stock traded down $0.01 during midday trading on Monday, reaching $1.43. 11,683 shares of the company’s stock traded hands, compared to its average volume of 20,113. The company has a market capitalization of $25.86 million, a P/E ratio of -3.68 and a beta of 0.97. Greenpro Capital has a fifty-two week low of $1.06 and a fifty-two week high of $3.18. The business has a 50-day moving average price of $2.27 and a two-hundred day moving average price of $1.94.

Greenpro Capital (NASDAQ:GRNQ – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.41 million for the quarter. Greenpro Capital had a negative net margin of 153.32% and a negative return on equity of 31.13%.

About Greenpro Capital

(Get Free Report)

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.

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