Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Declines By 48.3%

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 60,021 shares, a decline of 48.3% from the April 15th total of 116,205 shares. Approximately 5.3% of the shares of the company are short sold. Based on an average daily trading volume, of 197,870 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings downgraded shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, urban-gro has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC grew its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,167 shares of the company’s stock after purchasing 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 quarter. 20.56% of the stock is owned by institutional investors.

urban-gro Trading Down 16.9%

UGRO opened at $4.63 on Friday. urban-gro has a 1-year low of $2.02 and a 1-year high of $37.00. The firm has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $7.39. The stock has a market capitalization of $5.97 million, a PE ratio of -0.06 and a beta of -2.77.

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

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.