Planet Green Holdings Corp. (NYSEAMERICAN:PLAG – Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 505,936 shares, a decline of 43.2% from the August 15th total of 891,041 shares. Approximately 6.8% of the company’s shares are short sold. Based on an average trading volume of 4,002,962 shares, the days-to-cover ratio is presently 0.1 days.
Planet Green Trading Down 4.0%
Shares of NYSEAMERICAN PLAG opened at $0.69 on Tuesday. The firm has a market capitalization of $6.44 million, a P/E ratio of -1.81 and a beta of 1.15. The firm’s 50-day moving average price is $0.98 and its 200-day moving average price is $1.48. Planet Green has a 1-year low of $0.49 and a 1-year high of $6.81.
Planet Green (NYSEAMERICAN:PLAG – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $0.79 million during the quarter. Planet Green had a negative net margin of 276.14% and a negative return on equity of 1,202.18%.
About Planet Green
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.
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