urban-gro, Inc. (NASDAQ:UGRO – Get Free Report) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 227,100 shares, an increase of 39.2% from the March 31st total of 163,200 shares. Currently, 2.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 111,200 shares, the days-to-cover ratio is currently 2.0 days.
Institutional Inflows and Outflows
An institutional investor recently raised its position in urban-gro stock. AWM Investment Company Inc. lifted its position in urban-gro, Inc. (NASDAQ:UGRO – Free Report) by 69.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,138,861 shares of the company’s stock after purchasing an additional 464,781 shares during the quarter. AWM Investment Company Inc. owned 9.76% of urban-gro worth $1,549,000 at the end of the most recent quarter. 20.56% of the stock is owned by institutional investors.
urban-gro Stock Down 4.4 %
NASDAQ:UGRO opened at $1.75 on Friday. The stock has a market cap of $21.47 million, a P/E ratio of -1.05 and a beta of 2.56. The business’s 50-day moving average price is $1.94 and its two-hundred day moving average price is $1.60. urban-gro has a twelve month low of $1.00 and a twelve month high of $2.84.
Analysts Set New Price Targets
Separately, Craig Hallum reduced their price objective on shares of urban-gro from $6.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, March 28th.
Read Our Latest Report on UGRO
About urban-gro
urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.
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