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

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 369,449 shares, an increase of 473.7% from the March 15th total of 64,397 shares. Based on an average daily volume of 24,467,981 shares, the days-to-cover ratio is presently 0.0 days. Approximately 55.6% of the shares of the company are short sold.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UGRO shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. Wall Street Zen raised urban-gro to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

urban-gro Stock Performance

UGRO stock opened at $16.54 on Friday. The company has a market capitalization of $12.41 million, a price-to-earnings ratio of -0.22 and a beta of -2.36. urban-gro has a fifty-two week low of $2.02 and a fifty-two week high of $37.00. The stock has a fifty day moving average of $7.76 and a 200-day moving average of $7.82.

urban-gro (NASDAQ:UGRO) last issued its earnings results on Tuesday, February 10th. The company reported ($9.14) EPS for the quarter. The business had revenue of $7.77 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC bought a new position in urban-gro, Inc. (NASDAQ:UGRO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro as of its most recent SEC filing. Institutional investors own 20.56% of the company’s stock.

urban-gro Company Profile

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.