Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Rises By 702.5%

urban-gro, Inc. (NASDAQ:UGRO) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 3,010,000 shares, an increase of 702.5% from the September 30th total of 375,100 shares. Approximately 29.9% of the company’s stock are sold short. Based on an average trading volume of 9,270,000 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 9,270,000 shares, the short-interest ratio is currently 0.3 days. Approximately 29.9% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of urban-gro in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

urban-gro Stock Performance

Shares of UGRO stock opened at $0.39 on Tuesday. urban-gro has a 52-week low of $0.26 and a 52-week high of $1.92. The company has a 50-day simple moving average of $0.46 and a two-hundred day simple moving average of $0.42. The company has a market capitalization of $4.93 million, a price-to-earnings ratio of -0.35 and a beta of 1.85.

About urban-gro

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.