The GrowHub Limited (NASDAQ:TGHL) Stock Short Interest Drops 41.1%

The GrowHub Limited (NASDAQ:TGHL) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 60,698 shares, a decline of 41.1% from the September 15th total of 103,091 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 73,994 shares, the short-interest ratio is currently 0.8 days.

GrowHub Stock Down 9.1%

TGHL traded down $0.06 during midday trading on Friday, reaching $0.58. The company had a trading volume of 152,656 shares, compared to its average volume of 74,421. GrowHub has a 12-month low of $0.27 and a 12-month high of $2.48. The business has a 50-day moving average price of $0.82 and a two-hundred day moving average price of $0.63.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wall Street Zen raised GrowHub to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of GrowHub in a research note on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

GrowHub Company Profile

GrowHub, also known as The GrowHub Limited (NASDAQ: TGHL), is a technology company focused on sustainability, traceability and digital solutions for the agriculture, food and consumer-products industries. Its platform is designed to help businesses collect, manage and communicate information about products and supply chains.

The company’s offerings include tools intended to improve supply-chain visibility, support product traceability and help organizations assess environmental and sustainability data.