Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Short Interest Update

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 505,936 shares, a drop of 43.2% from the August 15th total of 891,041 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average trading volume of 4,002,962 shares, the days-to-cover ratio is currently 0.1 days.

Planet Green Trading Up 0.7%

Shares of NYSEAMERICAN PLAG traded up $0.01 during midday trading on Thursday, hitting $0.69. 370,686 shares of the company’s stock were exchanged, compared to its average volume of 2,471,593. The business’s fifty day moving average price is $0.92 and its two-hundred day moving average price is $1.46. The company has a market cap of $6.46 million, a price-to-earnings ratio of -1.81 and a beta of 1.15. Planet Green has a 12-month low of $0.49 and a 12-month high of $6.81.

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

Planet Green Company Profile

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.