Greenpro Capital Corp. (NASDAQ:GRNQ) experienced a significant decline in short interest, according to data released for mid-December. As of December 15, 2023, the total short interest stood at 44,424 shares, representing a drop of 40.8% from the total of 74,982 shares reported on November 30, 2023. Currently, only 0.9% of the company’s shares are short sold, indicating a shift in investor sentiment.
The short-interest ratio, calculated based on an average trading volume of 57,029 shares, is now at 0.8 days. This indicates that, if the current pace of trading continues, the short positions could be covered quickly, reflecting a potential shift in market dynamics.
Institutional Interest in Greenpro Capital
Recent institutional activity also highlights growing interest in Greenpro Capital. During the third quarter, Susquehanna International Group LLP acquired a new stake in the company, purchasing 24,954 shares valued at approximately $34,000. This acquisition makes Susquehanna International Group LLP a holder of approximately 0.30% of Greenpro Capital’s stock at the end of that quarter. Currently, institutional investors and hedge funds collectively own 0.87% of the company’s shares.
Stock Performance and Analyst Ratings
On December 15, 2023, Greenpro Capital’s stock traded down by 4.1%, closing at $1.64. The trading volume reached 5,511 shares, significantly lower than the average volume of 38,247 shares. The company has seen a 12-month low of $0.83 and a 12-month high of $2.50, reflecting notable volatility in its market performance.
Analysts remain cautious about the stock’s future. On October 8, 2023, Weiss Ratings reiterated a “sell (d-)” rating on Greenpro Capital. Presently, the consensus rating among analysts stands at “Sell,” according to data from MarketBeat.com, indicating skepticism about the company’s prospects.
About Greenpro Capital Corp.
Greenpro Capital Corp. offers financial consulting and corporate advisory services primarily to small and medium-sized businesses in Hong Kong, Malaysia, and China. The company operates through two main segments: Service Business and Real Estate Business. Services include cross-border listing advisory, tax planning, bookkeeping, record management, and accounting outsourcing, as well as venture capital-related education and support services.
As Greenpro Capital navigates these market changes, its performance will be closely watched by investors and analysts alike. For those interested in tracking updates, MarketBeat.com provides daily summaries of news and ratings related to Greenpro Capital and similar companies.
