Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Down 38.8% in May

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 6,346 shares, a decrease of 38.8% from the April 30th total of 10,372 shares. Based on an average daily trading volume, of 108,747 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Greystone Logistics Trading Up 5.0%

GLGI traded up $0.01 during trading hours on Wednesday, hitting $0.21. The company’s stock had a trading volume of 1,450 shares, compared to its average volume of 76,868. The company has a 50-day simple moving average of $0.23 and a 200 day simple moving average of $0.38. The firm has a market capitalization of $5.73 million, a PE ratio of -1.24 and a beta of -0.08. Greystone Logistics has a fifty-two week low of $0.14 and a fifty-two week high of $1.35.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $3.47 million during the quarter. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.

About Greystone Logistics

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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.