Short Interest in The GrowHub Limited (NASDAQ:TGHL) Drops By 57.8%

The GrowHub Limited (NASDAQ:TGHL) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 153,743 shares, a drop of 57.8% from the July 15th total of 364,626 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 13,804,807 shares, the days-to-cover ratio is presently 0.0 days.

GrowHub Stock Performance

TGHL opened at $1.04 on Friday. GrowHub has a 52 week low of $0.27 and a 52 week high of $4.25. The business has a fifty day simple moving average of $0.70 and a 200-day simple moving average of $0.49.

GrowHub (NASDAQ:TGHL) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $0.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of GrowHub from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, GrowHub has a consensus rating of “Sell”.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.