Short Interest in GLG Life Tech Co. (OTCMKTS:GLGLF) Declines By 98.0%

GLG Life Tech Co. (OTCMKTS:GLGLF) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 100 shares, a decline of 98.0% from the September 15th total of 5,100 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 0.1 days.

Shares of GLGLF remained flat at $$0.14 during midday trading on Thursday. The stock has a market capitalization of $5.40 million, a P/E ratio of 1.41 and a beta of 1.51. The firm’s fifty day simple moving average is $0.15 and its 200 day simple moving average is $0.24. GLG Life Tech has a 1 year low of $0.10 and a 1 year high of $0.40.

GLG Life Tech (OTCMKTS:GLGLF) last issued its quarterly earnings results on Friday, August 13th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $2.06 million for the quarter.

GLG Life Tech Company Profile

GLG Life Tech Corp engages in the agricultural and commercial development of zero-calorie natural sweeteners. Its products include stevia, monk fruit, and Red M Gold. It specializes in the growing, refining, and production of extracts for distribution to the food and beverage industry. The company was founded on June 5, 1998 and is headquartered in Richmond, Canada.

See Also: Should You Consider an Index Fund?

Receive News & Ratings for GLG Life Tech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GLG Life Tech and related companies with MarketBeat.com's FREE daily email newsletter.