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

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC lifted its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,167 shares of the company’s stock after purchasing an additional 44,667 shares during the period. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.56% of the company’s stock.

Analysts Set New Price Targets

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

urban-gro Stock Up 1.6%

NASDAQ UGRO opened at $2.48 on Friday. The company has a market cap of $1.86 million, a price-to-earnings ratio of -0.03 and a beta of 1.84. urban-gro has a 52 week low of $2.02 and a 52 week high of $21.50. The business has a 50 day moving average price of $5.09 and a 200-day moving average price of $8.05.

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

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.