The GrowHub Limited (NASDAQ:TGHL) Short Interest Down 68.1% in August

The GrowHub Limited (NASDAQ:TGHL) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 66,870 shares, a drop of 68.1% from the August 15th total of 209,361 shares. Based on an average daily trading volume, of 750,695 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short.

GrowHub Price Performance

Shares of NASDAQ TGHL opened at $0.95 on Friday. The firm has a fifty day moving average price of $0.82 and a 200-day moving average price of $0.56. GrowHub has a 1 year low of $0.27 and a 1 year high of $2.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TGHL shares. Wall Street Zen upgraded shares of GrowHub to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of GrowHub in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.