Greystone Logistics, Inc. (OTCMKTS:GLGI) Sees Significant Increase in Short Interest

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 10,372 shares, a growth of 1,620.1% from the April 15th total of 603 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 408,461 shares, the short-interest ratio is currently 0.0 days.

Greystone Logistics Stock Performance

OTCMKTS:GLGI traded down $0.02 during midday trading on Wednesday, reaching $0.18. 53,500 shares of the stock traded hands, compared to its average volume of 80,095. The stock has a market capitalization of $4.91 million, a P/E ratio of -1.06 and a beta of 0.01. Greystone Logistics has a 12 month low of $0.14 and a 12 month high of $1.38. The company has a fifty day moving average of $0.26 and a 200 day moving average of $0.45.

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

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.