Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Decreases By 37.2%

urban-gro, Inc. (NASDAQ:UGRO) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 23,810 shares, a decline of 37.2% from the January 29th total of 37,894 shares. Based on an average daily trading volume, of 69,223 shares, the short-interest ratio is currently 0.3 days. Currently, 3.6% of the shares of the stock are short sold. Currently, 3.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,223 shares, the short-interest ratio is currently 0.3 days.

urban-gro Stock Up 1.6%

UGRO traded up $0.04 during trading on Friday, reaching $2.48. 16,523 shares of the stock traded hands, compared to its average volume of 203,692. The stock’s 50-day moving average is $5.09 and its 200 day moving average is $8.03. urban-gro has a 12 month low of $2.02 and a 12 month high of $21.50. The stock has a market capitalization of $1.86 million, a PE ratio of -0.03 and a beta of 1.84.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC bought a new position in urban-gro, Inc. (NASDAQ:UGRO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 0.77% of urban-gro as of its most recent SEC filing. 20.56% of the stock is currently owned by institutional investors and hedge funds.

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.