Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Down 38.8% in May

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 6,346 shares, a decrease of 38.8% from the April 30th total of 10,372 shares. Based on an average daily trading volume, of 108,747 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Greystone Logistics Stock Up 1.0%

OTCMKTS:GLGI opened at $0.20 on Thursday. The company has a fifty day moving average of $0.23 and a 200 day moving average of $0.37. Greystone Logistics has a 52 week low of $0.14 and a 52 week high of $1.35. The firm has a market capitalization of $5.51 million, a P/E ratio of -1.19 and a beta of -0.08.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Tuesday, April 14th. The company reported ($0.10) EPS for the quarter. Greystone Logistics had a negative net margin of 11.80% and a negative return on equity of 27.34%. The firm had revenue of $3.47 million for the quarter.

About Greystone Logistics

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.