Greenpro Capital Corp. (NASDAQ:GRNQ) Sees Large Increase in Short Interest

Greenpro Capital Corp. (NASDAQ:GRNQ) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,481 shares, a growth of 79.7% from the May 31st total of 6,946 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,273 shares, the days-to-cover ratio is presently 1.0 days.

Greenpro Capital Price Performance

NASDAQ:GRNQ opened at $1.49 on Friday. The firm has a market capitalization of $26.94 million, a price-to-earnings ratio of -3.83 and a beta of 0.95. The business has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $1.91. Greenpro Capital has a 1 year low of $1.21 and a 1 year high of $3.18.

Greenpro Capital (NASDAQ:GRNQ) last released its earnings results on Friday, May 8th. The company reported ($0.10) earnings per share for the quarter. The company 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%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Greenpro Capital

In other Greenpro Capital news, CEO Chong Kuang Lee bought 107,310 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was purchased at an average cost of $2.33 per share, with a total value of $250,032.30. Following the completion of the acquisition, the chief executive officer owned 1,846,344 shares in the company, valued at $4,301,981.52. This trade represents a 6.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.67% of the company’s stock.

Institutional Investors Weigh In On Greenpro Capital

Hedge funds and other institutional investors have recently made changes to their positions in the company. DRW Securities LLC bought a new stake in shares of Greenpro Capital in the 4th quarter worth about $30,000. Susquehanna International Group LLP bought a new position in Greenpro Capital during the 3rd quarter valued at about $34,000. Finally, Geode Capital Management LLC grew its holdings in Greenpro Capital by 7.7% during 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 last quarter. Hedge funds and other institutional investors own 0.87% of the company’s stock.

Greenpro Capital Company Profile

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.