Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Increases By 533.3%

by · The Markets Daily

Greystone Logistics, Inc. (OTCMKTS:GLGI – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,900 shares, a growth of 533.3% from the September 30th total of 300 shares. Based on an average daily trading volume, of 21,500 shares, the short-interest ratio is presently 0.1 days.

Greystone Logistics Stock Performance

GLGI traded up $0.02 on Friday, hitting $1.18. 2,020 shares of the company traded hands, compared to its average volume of 22,738. Greystone Logistics has a 12-month low of $0.82 and a 12-month high of $2.35. The company has a 50 day moving average of $1.44 and a 200-day moving average of $1.32. The company has a quick ratio of 1.80, a current ratio of 2.34 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $33.37 million, a PE ratio of 8.43 and a beta of 1.40.

Greystone Logistics (OTCMKTS:GLGI – Get Free Report) last released its quarterly earnings results on Friday, September 13th. The company reported $0.06 EPS for the quarter. Greystone Logistics had a return on equity of 21.88% and a net margin of 7.90%. The business had revenue of $14.79 million during the quarter.

About Greystone Logistics

(Get Free Report)

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors.

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