Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Up 190.5% in August

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 6,100 shares, a growth of 190.5% from the August 15th total of 2,100 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is currently 0.2 days.

Greystone Logistics Price Performance

GLGI stock opened at $0.98 on Thursday. The company has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $0.81. Greystone Logistics has a 52 week low of $0.43 and a 52 week high of $1.18. The company has a quick ratio of 0.89, a current ratio of 1.83 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $27.77 million, a P/E ratio of 4.91 and a beta of 1.11.

Greystone Logistics Company Profile

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins. 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.