Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Increases By 58.9%

urban-gro, Inc. (NASDAQ:UGRO) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 37,836 shares, a growth of 58.9% from the February 12th total of 23,810 shares. Based on an average daily volume of 356,393 shares, the days-to-cover ratio is currently 0.1 days. Currently, 5.7% of the company’s shares are sold short. Currently, 5.7% of the company’s shares are sold short. Based on an average daily volume of 356,393 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC lifted its position in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after purchasing an additional 44,667 shares during the period. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.56% of the company’s stock.

urban-gro Trading Down 11.2%

NASDAQ:UGRO traded down $0.36 during mid-day trading on Friday, hitting $2.81. The company had a trading volume of 79,368 shares, compared to its average volume of 110,957. The business has a fifty day simple moving average of $4.14 and a 200-day simple moving average of $7.59. The firm has a market capitalization of $2.10 million, a price-to-earnings ratio of -0.04 and a beta of 1.88. urban-gro has a 1 year low of $2.02 and a 1 year high of $20.49.

urban-gro (NASDAQ:UGRO) last issued its earnings results on Tuesday, February 3rd. The company reported ($9.14) earnings per share for the quarter. The firm had revenue of $9.51 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of urban-gro in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.