Short Interest in Greenlane Renewables Inc. (OTCMKTS:GRNWF) Increases By 28.4%

Greenlane Renewables Inc. (OTCMKTS:GRNWFGet Rating) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 998,600 shares, a growth of 28.4% from the April 15th total of 777,700 shares. Based on an average daily volume of 38,000 shares, the days-to-cover ratio is presently 26.3 days.

GRNWF has been the subject of several analyst reports. Raymond James lowered their target price on shares of Greenlane Renewables from C$3.15 to C$2.25 in a report on Friday. Canaccord Genuity Group lowered their target price on shares of Greenlane Renewables from C$2.25 to C$1.90 in a report on Sunday.

Shares of Greenlane Renewables stock traded up $0.01 during trading on Tuesday, hitting $0.58. The stock had a trading volume of 8,965 shares, compared to its average volume of 21,974. The firm’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $0.92. Greenlane Renewables has a 12 month low of $0.51 and a 12 month high of $1.51.

About Greenlane Renewables (Get Rating)

Greenlane Renewables Inc designs, develops, sells, and services a range of biogas upgrading systems worldwide. The company's systems remove impurities and separate carbon dioxide from biomethane in the raw biogas created from anaerobic decomposition of organic waste at landfills, wastewater treatment plants, and farms and for injection food waste facilities into the natural gas grid or for direct use as vehicle fuel.

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