Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Drops By 38.8%

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 6,346 shares, a drop of 38.8% from the April 30th total of 10,372 shares. Based on an average trading volume of 108,747 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Greystone Logistics Stock Performance

Shares of OTCMKTS GLGI opened at $0.20 on Friday. Greystone Logistics has a fifty-two week low of $0.14 and a fifty-two week high of $1.35. The firm has a market capitalization of $5.51 million, a PE ratio of -1.19 and a beta of -0.08. The stock’s 50-day simple moving average is $0.23 and its 200-day simple moving average is $0.37.

Greystone Logistics (OTCMKTS:GLGI) last issued its earnings results on Tuesday, April 14th. The company reported ($0.10) earnings per share for the quarter. Greystone Logistics had a negative return on equity of 27.34% and a negative net margin of 11.80%.The business had revenue of $3.47 million for the quarter.

About Greystone Logistics

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.