Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Drops By 81.1%

urban-gro, Inc. (NASDAQ:UGRO) saw a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 85,960 shares, a decrease of 81.1% from the December 31st total of 455,632 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 478,163 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 478,163 shares, the short-interest ratio is presently 0.2 days. Approximately 0.5% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of urban-gro in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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 stake in shares of urban-gro, Inc. (NASDAQ:UGRO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro as of its most recent filing with the Securities & Exchange Commission. 20.56% of the stock is currently owned by hedge funds and other institutional investors.

urban-gro Stock Up 8.1%

Shares of UGRO traded up $0.02 during trading hours on Tuesday, reaching $0.20. 360,316 shares of the company traded hands, compared to its average volume of 506,167. The stock has a market capitalization of $3.55 million, a PE ratio of -0.08 and a beta of 1.85. The stock has a fifty day simple moving average of $0.27 and a 200 day simple moving average of $0.36. urban-gro has a fifty-two week low of $0.17 and a fifty-two week high of $1.12.

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.