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

urban-gro, Inc. (NASDAQ:UGRO) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 455,632 shares, a drop of 82.0% from the December 15th total of 2,529,364 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily volume of 20,080,508 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 20,080,508 shares, the days-to-cover ratio is currently 0.0 days. Currently, 4.2% of the company’s shares are sold short.

Institutional Investors Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC raised its stake in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,167 shares of the company’s stock after purchasing an additional 44,667 shares during the period. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 20.56% of the stock is currently owned by institutional investors.

urban-gro Stock Down 3.2%

Shares of NASDAQ:UGRO opened at $0.28 on Tuesday. The firm has a 50 day moving average of $0.28 and a 200 day moving average of $0.37. The company has a market capitalization of $4.08 million, a price-to-earnings ratio of -0.29 and a beta of 1.85. urban-gro has a 52 week low of $0.21 and a 52 week high of $1.12.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

About urban-gro

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.