---
title: "Weekly Recap | Greenland Energy -32.67%, short report sparks volatility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/300848188.md"
description: "Greenland Energy fell 32.67% this week to close at $3.73, while the S&P 500 slipped 0.27%, leaving the stock roughly 32.4 percentage points behind the benchmark. Weekly amplitude came in at 40.18% on sharply elevated turnover, with average daily volume roughly 24 times the median. Monday (Sep 28) spiked to $5.705 before fading to $4.49; Tuesday (Sep 29) rebounded to $4.75; Wednesday (Sep 30) briefly traded back up to $5."
datetime: "2026-10-03T06:52:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/300848188.md)
  - [en](https://longbridge.com/en/news/300848188.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/300848188.md)
generator: "portal-rs"
---

# Weekly Recap | Greenland Energy -32.67%, short report sparks volatility

## The Week

Greenland Energy fell 32.67% this week to close at $3.73, while the S&P 500 slipped 0.27%, leaving the stock roughly 32.4 percentage points behind the benchmark. Weekly amplitude came in at 40.18% on sharply elevated turnover, with average daily volume roughly 24 times the median. Monday (Sep 28) spiked to $5.705 before fading to $4.49; Tuesday (Sep 29) rebounded to $4.75; Wednesday (Sep 30) briefly traded back up to $5.13; Thursday (Oct 1) and Friday (Oct 2) marked consecutive declines, with Friday touching an intraday low of $3.64 before settling at $3.73.

## Key Events

The week’s narrative centred on a tug-of-war between a short-seller report and the company’s responses. On Monday (Sep 28), Greenland Energy confirmed a government-approved environmental baseline programme in Jameson Land, but that evening Fugazi Research released a short report calling the stock ‘uninvestable at any price above zero’, pressuring shares. On Tuesday (Sep 29), the company issued a shareholder letter responding to the report and defending its strategy, while several institutions disclosed Form 8.3 changes. Thursday (Oct 1) saw an intraday gain of 9.24% as the environmental approval was treated as a positive, but the move did not hold. Friday (Oct 2) turned lower again as sentiment shifted toward earnings and demand concerns.

## Analyst Ratings

Coverage is thin, with just 1 broker rating the stock a buy, far below the industry average of 11 and median of 9. The consensus rating is strong buy, with a consensus target of $6, about 60.9% above the current spot of $3.73. The target range is narrow at $6 on both ends. The stock ranks 58th out of 65 names in the oil and gas exploration and production industry.

## The Week Ahead

Next week’s attention falls mainly on macro data. Wednesday (Oct 7) brings the US EIA weekly crude oil inventories, following a prior reading of 0.922. Before that, Monday (Oct 5) features the S&P Global services PMI final and ISM non-manufacturing PMI, and Tuesday (Oct 6) brings international trade balance data.

## In Short

Greenland Energy’s week was defined by a short report and the company’s rebuttals, with shares down more than 30% on sharply higher volume and wide intraday swings. The consensus rating is strong buy and the consensus target sits well above spot, but coverage is limited to a single broker and the industry ranking is low, leaving a clear tension between valuation signals and price action. The next catalysts are the oil inventory and services PMI prints, along with whether the short-seller debate persists.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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- [GLND.US](https://longbridge.com/en/quote/GLND.US.md)

## Related News & Research

- [Greenland Energy Company Confirms Government-Approved Environmental Baseline Program Completed in Jameson Land | GLND Stock News](https://longbridge.com/en/news/300298032.md)
- [REG - Citadel Group 80 Mile PLC Greenland Energy Co. - Form 8.3 - Greenland Energy Company](https://longbridge.com/en/news/300801754.md)
- [REG - LMR Partners LLP Greenland Energy Co. - Form 8.3 - Greenland Energy Company](https://longbridge.com/en/news/300779574.md)
- [Greenland Energy publishes shareholder letter responding to Fugazi Research report](https://longbridge.com/en/news/300443710.md)
- [REG - Verition Fund Mgmt 80 Mile PLC Greenland Energy Co. - Form 8.3 - Greenland Energy Company](https://longbridge.com/en/news/300462106.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**