Greenpro Capital Corp. (NASDAQ:GRNQ) Short Interest Up 79.7% in June

Greenpro Capital Corp. (NASDAQ:GRNQ) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 12,481 shares, a growth of 79.7% from the May 31st total of 6,946 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 12,273 shares, the days-to-cover ratio is currently 1.0 days.

Insider Buying and Selling at Greenpro Capital

In other news, CEO Chong Kuang Lee bought 107,310 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was bought at an average price of $2.33 per share, with a total value of $250,032.30. Following the acquisition, the chief executive officer owned 1,846,344 shares of the company’s stock, valued at approximately $4,301,981.52. This represents a 6.17% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 39.67% of the stock is currently owned by insiders.

Institutional Trading of Greenpro Capital

A number of hedge funds have recently bought and sold shares of GRNQ. DRW Securities LLC purchased a new stake in shares of Greenpro Capital during the 4th quarter worth $30,000. Susquehanna International Group LLP purchased a new position in Greenpro Capital in the third quarter valued at about $34,000. Finally, Geode Capital Management LLC grew its stake in Greenpro Capital by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 78,961 shares of the company’s stock valued at $143,000 after purchasing an additional 5,656 shares during the last quarter. Hedge funds and other institutional investors own 0.87% of the company’s stock.

Greenpro Capital Trading Down 2.6%

NASDAQ GRNQ opened at $1.49 on Thursday. The stock has a market cap of $26.86 million, a PE ratio of -3.82 and a beta of 0.94. Greenpro Capital has a 12 month low of $1.21 and a 12 month high of $3.18. The company’s 50-day moving average price is $1.74 and its 200-day moving average price is $1.91.

Greenpro Capital (NASDAQ:GRNQ) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.10) earnings per share (EPS) for the quarter. Greenpro Capital had a negative net margin of 153.32% and a negative return on equity of 31.13%. The firm had revenue of $0.41 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Greenpro Capital in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Greenpro Capital Company Profile

Greenpro Capital Corp. provides financial consulting and corporate advisory services to small and medium-size businesses primarily in Hong Kong, Malaysia, and China. It operates in two segments, Service Business and Real Estate Business. The company offers business consulting and corporate advisory services, including cross-border listing advisory, tax planning, bookkeeping, advisory and transaction, record management, and accounting outsourcing services; and venture capital related education and support services.