The GrowHub Limited (NASDAQ:TGHL) Short Interest Update

The GrowHub Limited (NASDAQ:TGHL) was the recipient of a large drop in short interest in July. As of July 31st, there was short interest totaling 153,743 shares, a drop of 57.8% from the July 15th total of 364,626 shares. Based on an average trading volume of 13,804,807 shares, the short-interest ratio is presently 0.0 days. Approximately 0.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings raised GrowHub from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

GrowHub Stock Performance

Shares of GrowHub stock traded down $0.08 on Friday, hitting $1.04. 377,386 shares of the company traded hands, compared to its average volume of 1,714,667. GrowHub has a 12-month low of $0.27 and a 12-month high of $4.25. The firm’s 50-day simple moving average is $0.70 and its 200 day simple moving average is $0.49.

GrowHub (NASDAQ:TGHL) last announced its earnings results on Friday, May 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $0.01 million for the quarter.

About GrowHub

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.