Short Interest in Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Drops By 43.2%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 505,936 shares, a decline of 43.2% from the August 15th total of 891,041 shares. Based on an average daily volume of 4,002,962 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.8% of the shares of the company are short sold.

Planet Green Price Performance

NYSEAMERICAN PLAG traded down $0.02 on Wednesday, hitting $0.68. 247,242 shares of the company’s stock were exchanged, compared to its average volume of 5,044,585. The firm has a market cap of $6.41 million, a price-to-earnings ratio of -1.80 and a beta of 1.15. The firm’s 50-day moving average price is $0.92 and its two-hundred day moving average price is $1.46. Planet Green has a fifty-two week low of $0.49 and a fifty-two week high of $6.81.

Planet Green (NYSEAMERICAN:PLAG) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. Planet Green had a negative net margin of 276.14% and a negative return on equity of 1,202.18%. The business had revenue of $0.79 million during the quarter.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.