Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Drops By 55.5%

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 17,068 shares, a decrease of 55.5% from the May 14th total of 38,355 shares. Based on an average trading volume of 66,185 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.4% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UGRO. Weiss Ratings lowered shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Wall Street Zen upgraded shares of urban-gro from a “sell” rating to a “hold” rating in a report on Sunday, April 19th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC acquired a new stake in urban-gro, Inc. (NASDAQ:UGRO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.77% of urban-gro at the end of the most recent quarter. Institutional investors own 20.56% of the company’s stock.

urban-gro Stock Performance

Shares of NASDAQ:UGRO traded up $0.51 during trading on Monday, hitting $3.33. The company’s stock had a trading volume of 125,849 shares, compared to its average volume of 2,810,882. The business has a 50 day moving average price of $7.76 and a two-hundred day moving average price of $6.82. The company has a market capitalization of $4.39 million, a PE ratio of -0.12 and a beta of -2.91. urban-gro has a fifty-two week low of $2.02 and a fifty-two week high of $37.00.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. The business had revenue of $0.48 million during the quarter. urban-gro had a negative return on equity of 118.44% and a negative net margin of 82.11%.

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.