Greenpro Capital Corp. (NASDAQ:GRNQ) has reported a significant decline in short interest for December 2023. As of December 15, the short interest stood at 44,424 shares, reflecting a decrease of 40.8% from the previous month’s total of 74,982 shares. Currently, this represents approximately 0.9% of the company’s outstanding shares. With an average trading volume of 57,029 shares, the short-interest ratio is now at 0.8 days.
Institutional Investment Activity
In the realm of institutional trading, a notable move occurred in the third quarter when Susquehanna International Group LLP acquired a new stake in Greenpro Capital. According to the firm’s latest filing with the Securities and Exchange Commission, it purchased 24,954 shares valued at around $34,000. Following this acquisition, Susquehanna International Group owned approximately 0.30% of Greenpro Capital. Currently, institutional investors and hedge funds collectively hold about 0.87% of the company’s stock.
Stock Performance and Analyst Ratings
On December 15, shares of Greenpro Capital traded down by 4.1%, closing at $1.64. The trading volume for the day reached 5,511 shares, significantly lower than the average of 38,247 shares. The company’s stock has experienced a 50-day moving average of $1.62 and a 200-day moving average of $1.61. Over the past year, the stock has fluctuated between a low of $0.83 and a high of $2.50. Greenpro Capital currently has a market capitalization of $13.74 million, a price-to-earnings ratio of -10.25, and a beta of 1.65.
Analyst sentiment remains cautious, with Weiss Ratings reiterating a “sell (d-)” rating for Greenpro Capital in a research note dated October 8, 2023. According to data from MarketBeat.com, the stock has a consensus rating of “sell” from analysts.
Greenpro Capital provides financial consulting and corporate advisory services primarily to small and medium-sized businesses in regions including Hong Kong, Malaysia, and China. The company operates two segments: Service Business and Real Estate Business, offering services such as cross-border listing advisory, tax planning, bookkeeping, and venture capital-related education.
This decrease in short interest, coupled with institutional investment activity, indicates shifting dynamics for Greenpro Capital as it continues to navigate its market presence. For stakeholders and potential investors, these developments provide crucial insights into the company’s financial health and market strategy.
