Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Sees Large Increase in Short Interest

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 75,823 shares, a growth of 35.8% from the March 15th total of 55,836 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average trading volume of 128,977 shares, the days-to-cover ratio is presently 0.6 days.

Planet Green Stock Performance

Shares of Planet Green stock traded up $0.01 during midday trading on Friday, hitting $1.39. 198 shares of the company traded hands, compared to its average volume of 139,038. The firm’s fifty day moving average price is $2.18 and its 200-day moving average price is $2.26. The stock has a market cap of $13.04 million, a price-to-earnings ratio of -3.66 and a beta of 1.00. Planet Green has a 12 month low of $0.47 and a 12 month high of $4.49.

Planet Green (NYSEAMERICAN:PLAG) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($1.56) EPS for the quarter. The company had revenue of $0.52 million during the quarter. Planet Green had a negative net margin of 887.08% and a negative return on equity of 389.30%.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.