Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Sees Large Decline in Short Interest

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 91,022 shares, a decrease of 78.1% from the October 15th total of 415,451 shares. Based on an average daily trading volume, of 5,560,660 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.2% of the company’s shares are short sold.

Planet Green Price Performance

NYSEAMERICAN PLAG traded up $0.02 during trading hours on Friday, reaching $0.38. The company’s stock had a trading volume of 528,847 shares, compared to its average volume of 3,127,490. The firm has a fifty day simple moving average of $0.58 and a 200-day simple moving average of $1.45. The stock has a market cap of $3.56 million, a P/E ratio of -1.00 and a beta of 1.26. Planet Green has a 52 week low of $0.21 and a 52 week high of $6.81.

Planet Green (NYSEAMERICAN:PLAG) last posted its earnings results on Friday, November 13th. The company reported ($0.03) earnings per share for the quarter. Planet Green had a negative return on equity of 1,202.18% and a negative net margin of 276.14%. The business had revenue of $2.49 million for the quarter.

Planet Green Company Profile

Planet Green Holdings Corp. is a diversified consumer-products company that manufactures and distributes food and disposable non-woven products. The company was formerly known as American Lorain Corporation and adopted the Planet Green Holdings name in 2017. Its food product portfolio has included packaged snack and specialty foods such as chestnuts, sweet potatoes, seeds, beans, dried fruits, vegetables and other shelf-stable products. The company has also been associated with disposable non-woven items, including protective and related single-use products.