urban-gro, Inc. (NASDAQ:UGRO) Sees Large Decrease in Short Interest

urban-gro, Inc. (NASDAQ:UGRO) saw a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 37,894 shares, a decrease of 55.9% from the January 15th total of 85,960 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 656,337 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 656,337 shares, the short-interest ratio is presently 0.1 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC increased its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities & Exchange Commission. 20.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

urban-gro Price Performance

Shares of NASDAQ:UGRO opened at $3.66 on Thursday. urban-gro has a 1 year low of $2.84 and a 1 year high of $21.50. The company has a market cap of $2.51 million, a P/E ratio of -0.05 and a beta of 1.84. The stock’s fifty day moving average price is $6.11 and its 200-day moving average price is $8.68.

urban-gro Company Profile

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.