Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Drops By 82.0%

urban-gro, Inc. (NASDAQ:UGRO) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 455,632 shares, a decrease of 82.0% from the December 15th total of 2,529,364 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average daily volume of 20,080,508 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 20,080,508 shares, the days-to-cover ratio is presently 0.0 days. Approximately 4.2% of the shares of the company are short sold.

Hedge Funds Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC grew its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after buying an additional 44,667 shares during the quarter. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 20.56% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

urban-gro Stock Down 3.2%

UGRO stock traded down $0.01 during trading on Monday, reaching $0.28. 573,002 shares of the company’s stock were exchanged, compared to its average volume of 472,405. urban-gro has a 1-year low of $0.21 and a 1-year high of $1.12. The firm has a market cap of $4.09 million, a PE ratio of -0.29 and a beta of 1.85. The company’s fifty day moving average price is $0.28 and its 200-day moving average price is $0.37.

urban-gro Company Profile

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.