Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Drops By 93.5%

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 200 shares, a decline of 93.5% from the January 31st total of 3,100 shares. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is currently 0.0 days.

Greystone Logistics Trading Down 2.7 %

Shares of OTCMKTS GLGI traded down $0.03 during midday trading on Friday, reaching $1.00. The stock had a trading volume of 10,150 shares, compared to its average volume of 30,701. The company’s 50 day moving average price is $1.03 and its 200 day moving average price is $1.17. 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 has a twelve month low of $0.89 and a twelve month high of $1.98. The firm has a market cap of $27.88 million, a price-to-earnings ratio of 14.29 and a beta of 1.37.

Greystone Logistics (OTCMKTS:GLGI) last released its earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Greystone Logistics had a net margin of 4.23% and a return on equity of 9.78%.

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.