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

urban-gro, Inc. (NASDAQ:UGRO) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 37,894 shares, a drop of 55.9% from the January 15th total of 85,960 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 656,337 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 656,337 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of urban-gro in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, urban-gro presently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC bought a new stake in urban-gro, Inc. (NASDAQ:UGRO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.77% of urban-gro at the end of the most recent reporting period. 20.56% of the stock is currently owned by hedge funds and other institutional investors.

urban-gro Stock Down 6.8%

Shares of UGRO stock opened at $3.41 on Friday. The firm has a 50 day moving average of $6.06 and a 200-day moving average of $8.64. The company has a market cap of $2.32 million, a price-to-earnings ratio of -0.05 and a beta of 1.84. urban-gro has a 52 week low of $2.84 and a 52 week high of $21.50.

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.