Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Decreases By 68.5%

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totaling 116,205 shares, a drop of 68.5% from the March 31st total of 369,449 shares. Based on an average daily volume of 802,392 shares, the days-to-cover ratio is currently 0.1 days. Approximately 17.5% of the company’s shares are sold short.

urban-gro Price Performance

Shares of UGRO opened at $8.57 on Monday. urban-gro has a 1 year low of $2.02 and a 1 year high of $37.00. The company has a market capitalization of $9.68 million, a price-to-earnings ratio of -0.12 and a beta of -2.36. The business has a 50-day moving average of $9.24 and a 200-day moving average of $7.74.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. The company had revenue of $0.48 million during the quarter.

Hedge Funds Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC increased its stake in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the quarter. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 at the end of the most recent reporting period. 20.56% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Wall Street Zen raised urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.