Short Interest in Greenpro Capital Corp. (NASDAQ:GRNQ) Increases By 374.7%

Greenpro Capital Corp. (NASDAQ:GRNQ) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 809,300 shares, a growth of 374.7% from the August 15th total of 170,500 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 6,110,000 shares, the days-to-cover ratio is currently 0.1 days.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in Greenpro Capital in the first quarter worth approximately $32,000. Sandbox Financial Partners LLC bought a new position in Greenpro Capital in the first quarter worth approximately $65,000. MYDA Advisors LLC bought a new position in Greenpro Capital in the first quarter worth approximately $73,000. PEAK6 Investments LLC bought a new position in Greenpro Capital in the first quarter worth approximately $126,000. Finally, Paloma Partners Management Co bought a new stake in shares of Greenpro Capital during the 1st quarter valued at $155,000. Institutional investors and hedge funds own 0.91% of the company’s stock.

Shares of GRNQ stock opened at $0.68 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.07. Greenpro Capital has a 12-month low of $0.64 and a 12-month high of $4.15. The stock has a market capitalization of $45.88 million, a P/E ratio of -3.99 and a beta of -0.49. The firm’s 50 day moving average is $0.87 and its 200 day moving average is $1.51.

Greenpro Capital (NASDAQ:GRNQ) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($0.03) earnings per share for the quarter. Greenpro Capital had a negative return on equity of 51.78% and a negative net margin of 354.82%. The business had revenue of $0.79 million during the quarter.

About Greenpro Capital

Greenpro Capital Corp. engages in the provision of business solution services to small and medium-size enterprises. It operates through the Service Business and Real Estate Business segments. The Service Business segment offers advisory and business solution services. The Real Estate Business segment trades or leases commercial real estate properties in Hong Kong and Malaysia.

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