urban-gro, Inc. (NASDAQ:UGRO) Short Interest Update

urban-gro, Inc. (NASDAQ:UGROGet Free Report) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 17,068 shares, a drop of 55.5% from the May 14th total of 38,355 shares. Based on an average daily trading volume, of 66,185 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.4% of the company’s stock are sold short.

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC acquired a new position in urban-gro, Inc. (NASDAQ:UGROFree Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro at the end of the most recent reporting period. 20.56% of the stock is owned by institutional investors and hedge funds.

urban-gro Trading Down 5.7%

urban-gro stock traded down $0.17 during mid-day trading on Friday, reaching $2.82. The company’s stock had a trading volume of 145,444 shares, compared to its average volume of 65,006. The firm has a market cap of $3.72 million, a price-to-earnings ratio of -0.10 and a beta of -2.91. The business has a 50 day moving average price of $7.76 and a 200-day moving average price of $6.82. urban-gro has a twelve month low of $2.02 and a twelve month high of $37.00.

urban-gro (NASDAQ:UGROGet Free Report) last released its quarterly earnings data on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. The business had revenue of $0.48 million during the quarter. urban-gro had a negative return on equity of 118.44% and a negative net margin of 82.11%.

Analyst Ratings Changes

A number of research firms have recently weighed in on UGRO. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings downgraded shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, urban-gro presently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on urban-gro

About urban-gro

(Get Free Report)

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.

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