urban-gro, Inc. (NASDAQ:UGRO) Short Interest Update

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 227,100 shares, a growth of 39.2% from the March 31st total of 163,200 shares. Based on an average daily trading volume, of 111,200 shares, the short-interest ratio is presently 2.0 days. Approximately 2.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their price target on shares of urban-gro from $6.00 to $3.25 and set a “buy” rating on the stock in a report on Thursday, March 28th.

urban-gro Stock Performance

NASDAQ UGRO opened at $1.75 on Monday. The company’s 50 day moving average price is $1.94 and its 200 day moving average price is $1.60. urban-gro has a one year low of $1.00 and a one year high of $2.84.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings data on Wednesday, March 27th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.24). The firm had revenue of $15.01 million for the quarter, compared to analysts’ expectations of $29.98 million. urban-gro had a negative net margin of 26.11% and a negative return on equity of 61.92%. Equities analysts anticipate that urban-gro will post -0.21 earnings per share for the current year.

Institutional Trading of urban-gro

An institutional investor recently raised its position in urban-gro stock. AWM Investment Company Inc. lifted its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 69.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,138,861 shares of the company’s stock after buying an additional 464,781 shares during the quarter. AWM Investment Company Inc. owned approximately 9.76% of urban-gro worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission. 20.56% of the stock is currently owned by hedge funds and other institutional investors.

urban-gro Company Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.