Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Drops By 81.1%

urban-gro, Inc. (NASDAQ:UGRO) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 85,960 shares, a decrease of 81.1% from the December 31st total of 455,632 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 478,163 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 478,163 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC grew its holdings in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the period. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities & Exchange Commission. 20.56% of the stock is owned by institutional investors and hedge funds.

urban-gro Trading Up 8.1%

NASDAQ UGRO opened at $0.20 on Wednesday. The stock has a market cap of $3.55 million, a price-to-earnings ratio of -0.08 and a beta of 1.85. urban-gro has a 12 month low of $0.17 and a 12 month high of $1.12. The company’s 50 day moving average is $0.27 and its two-hundred day moving average is $0.36.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About urban-gro

Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.