Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Declines By 98.0%

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 100 shares, a decline of 98.0% from the March 15th total of 5,000 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 31,200 shares, the days-to-cover ratio is presently 0.0 days.

Greystone Logistics Stock Performance

OTCMKTS:GLGI traded down $0.03 during mid-day trading on Tuesday, reaching $1.01. The stock had a trading volume of 17,765 shares, compared to its average volume of 24,085. Greystone Logistics has a twelve month low of $0.89 and a twelve month high of $1.98. The business has a 50 day simple moving average of $1.02 and a 200 day simple moving average of $1.07. The firm has a market capitalization of $28.16 million, a price-to-earnings ratio of 14.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.52 and a current ratio of 2.05.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Friday, April 11th. The company reported $0.03 EPS for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%. The business had revenue of $14.32 million during the quarter.

About Greystone Logistics

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors.