Short Interest in Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Decreases By 42.3%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 58,338 shares, a drop of 42.3% from the April 30th total of 101,177 shares. Based on an average daily volume of 44,943 shares, the short-interest ratio is presently 1.3 days. Currently, 0.8% of the company’s stock are short sold.

Planet Green Stock Performance

Shares of PLAG stock traded down $0.03 on Tuesday, reaching $1.62. The stock had a trading volume of 1,744 shares, compared to its average volume of 24,957. The stock has a market cap of $15.20 million, a P/E ratio of -4.26 and a beta of 1.10. Planet Green has a 1 year low of $0.47 and a 1 year high of $4.49. The company has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $2.20.

Planet Green (NYSEAMERICAN:PLAG) last released its quarterly earnings results on Saturday, May 16th. The company reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $6.36 million for the quarter. Planet Green had a negative return on equity of 1,172.32% and a negative net margin of 299.99%.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.