Short Interest in Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Increases By 830.9%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 891,041 shares, an increase of 830.9% from the July 30th total of 95,717 shares. Based on an average trading volume of 24,647,422 shares, the days-to-cover ratio is presently 0.0 days. Currently, 11.9% of the shares of the company are sold short.

Planet Green Price Performance

PLAG stock traded up $0.01 during midday trading on Wednesday, reaching $0.73. The company had a trading volume of 552,129 shares, compared to its average volume of 2,317,104. Planet Green has a 1-year low of $0.49 and a 1-year high of $6.81. The company has a market capitalization of $6.85 million, a price-to-earnings ratio of -1.92 and a beta of 1.12. The stock has a 50 day moving average price of $1.31 and a 200-day moving average price of $1.73.

Planet Green (NYSEAMERICAN:PLAG) last posted its earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. Planet Green had a negative return on equity of 1,202.18% and a negative net margin of 276.14%.The company had revenue of $0.79 million during the quarter.

About Planet Green

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.