Greenland Energy Co (NASDAQ:GLND) Stock Short Interest Report for October

Key Points

• Short interest surged 88.9% to 8.92 million shares as of October 15, representing 20.4% of Greenland Energy’s shares outstanding; the days-to-cover ratio stood at 0.4 days.
• Several institutional investors, including State Street, PEAK6, and Squarepoint Ops, established new positions in the company during the second quarter.
• Analyst sentiment remains mixed but cautious: Wall Street Zen downgraded the stock to “strong sell,” while the overall consensus rating is “Hold.” Greenland Energy recently reported a quarterly loss of $0.13 per share.

Greenland Energy Co (NASDAQ:GLND - Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 8,920,833 shares, a growth of 88.9% from the September 30th total of 4,721,899 shares. Based on an average daily volume of 20,806,624 shares, the days-to-cover ratio is presently 0.4 days. Currently, 20.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Greenland Energy

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Wealth LLC bought a new position in shares of Greenland Energy in the 2nd quarter worth $33,000. Squarepoint Ops LLC bought a new stake in shares of Greenland Energy in the 2nd quarter valued at about $41,000. PEAK6 LLC bought a new position in Greenland Energy during the second quarter worth $143,000. Resolute Advisors LLC acquired a new position in shares of Greenland Energy in the second quarter valued at approximately $163,000. Finally, State Street Corp acquired a new stake in Greenland Energy in the 2nd quarter worth about $417,000.

Wall Street Analysts Forecast Growth

GLND has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Greenland Energy from a "sell" rating to a "strong sell" rating in a research note on Saturday. Weiss Ratings upgraded shares of Greenland Energy from a "sell (d-)" rating to a "sell (d)" rating in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Greenland Energy has a consensus rating of "Hold".

Greenland Energy Price Performance

GLND opened at $3.09 on Friday. Greenland Energy has a fifty-two week low of $1.09 and a fifty-two week high of $23.00. The business's 50-day moving average price is $2.58. The stock has a market cap of $135.13 million, a P/E ratio of -18.18 and a beta of -5.84.

Greenland Energy (NASDAQ:GLND - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.13) earnings per share (EPS) for the quarter.

Greenland Energy Company Profile

Greenland Energy Company operates as an early-stage oil and gas exploration company. It focuses on the Jameson Land Basin in East Greenland. The company is based in Denver, Colorado.

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