Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Increases By 614.3%

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 5,000 shares, an increase of 614.3% from the February 28th total of 700 shares. Based on an average daily volume of 20,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Greystone Logistics Price Performance

GLGI stock traded up $0.02 during trading on Thursday, hitting $1.05. The stock had a trading volume of 18,700 shares, compared to its average volume of 24,272. Greystone Logistics has a twelve month low of $0.89 and a twelve month high of $1.98. The company’s 50-day moving average price is $1.02 and its two-hundred day moving average price is $1.12. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.52. The stock has a market capitalization of $29.20 million, a P/E ratio of 14.96 and a beta of 1.35.

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

Greystone Logistics Company Profile

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.