urban-gro, Inc. (NASDAQ:UGRO) Sees Large Increase in Short Interest
by Renee Jackson · The Cerbat Gemurban-gro, Inc. (NASDAQ:UGRO – Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 369,449 shares, an increase of 473.7% from the March 15th total of 64,397 shares. Based on an average trading volume of 24,467,981 shares, the days-to-cover ratio is currently 0.0 days. Approximately 55.6% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.
Check Out Our Latest Research Report on urban-gro
Institutional Investors Weigh In On urban-gro
A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC increased its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO – Free Report) by 162.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,167 shares of the company’s stock after purchasing an additional 44,667 shares during the period. Citadel Advisors LLC owned approximately 0.57% of urban-gro worth $30,000 at the end of the most recent quarter. Institutional investors own 20.56% of the company’s stock.
urban-gro Trading Up 6.8%
UGRO stock traded up $1.06 during midday trading on Friday, hitting $16.54. The stock had a trading volume of 1,356,832 shares, compared to its average volume of 15,234,264. The firm has a market cap of $12.41 million, a P/E ratio of -0.22 and a beta of -2.36. urban-gro has a 1-year low of $2.02 and a 1-year high of $37.00. The business has a fifty day moving average price of $7.76 and a two-hundred day moving average price of $7.82.
urban-gro (NASDAQ:UGRO – Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported ($9.14) earnings per share (EPS) for the quarter. The company had revenue of $7.77 million for the quarter.
About urban-gro
Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.
Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.