Greenpro Capital Corp. (NASDAQ:GRNQ) experienced a notable decrease in short interest during December, with figures dropping by 40.8%. As of December 15, short interest totaled 44,424 shares, compared to 74,982 shares on November 30. This decline indicates that approximately 0.9% of the company’s shares are currently short sold, suggesting a shift in investor sentiment.
The short-interest ratio stands at 0.8 days, based on an average trading volume of 57,029 shares. This figure highlights the relatively low level of short selling against the company’s stock, which could reflect increasing confidence among investors.
Institutional Investment Activity
Recent institutional trading activity further underscores this shift. Susquehanna International Group LLP acquired a new stake in Greenpro Capital during the third quarter, purchasing 24,954 shares valued at around $34,000. Following this transaction, the hedge fund held approximately 0.30% of the company’s shares. Currently, institutional investors and hedge funds collectively own about 0.87% of Greenpro Capital’s stock.
Current Trading Performance
On December 15, Greenpro Capital’s stock traded down 4.1%, closing at $1.64. This decline occurred alongside a trading volume of 5,511 shares, significantly lower than the average volume of 38,247 shares. The company has a 50-day moving average price of $1.62 and a 200-day moving average price of $1.61. Over the past year, Greenpro Capital has seen a low of $0.83 and a high of $2.50, reflecting volatility in its stock performance.
The firm boasts a market capitalization of approximately $13.74 million, with a price-to-earnings ratio of -10.25 and a beta of 1.65, indicating higher volatility compared to the market.
Analysts’ perspectives on Greenpro Capital remain cautious. Weiss Ratings maintained a “sell (d-)” rating for the stock in a report dated October 8. Currently, data from MarketBeat.com reveals a consensus rating of “sell” for Greenpro Capital, indicating a prevalent bearish outlook among analysts.
Greenpro Capital Corp. specializes in providing financial consulting and corporate advisory services primarily to small and medium-sized enterprises in regions including Hong Kong, Malaysia, and China. The company operates through two main segments: Service Business and Real Estate Business. Its offerings encompass business consulting, corporate advisory services, tax planning, bookkeeping, and venture capital-related education.
As Greenpro Capital navigates these changes, stakeholders will be watching closely to understand how these factors impact the company’s future performance and strategic direction.
