Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Drops By 81.1%

urban-gro, Inc. (NASDAQ:UGRO) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 85,960 shares, a decline of 81.1% from the December 31st total of 455,632 shares. Based on an average daily volume of 478,163 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the company’s stock are sold short. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 478,163 shares, the days-to-cover ratio is presently 0.2 days.

urban-gro Stock Down 14.8%

Shares of NASDAQ:UGRO traded down $0.03 during midday trading on Thursday, reaching $0.16. The company’s stock had a trading volume of 233,042 shares, compared to its average volume of 498,636. The stock has a fifty day moving average of $0.26 and a 200 day moving average of $0.36. urban-gro has a twelve month low of $0.16 and a twelve month high of $1.12. The firm has a market capitalization of $2.91 million, a PE ratio of -0.06 and a beta of 1.85.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Institutional Trading of urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC purchased a new stake in urban-gro, Inc. (NASDAQ:UGRO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro at the end of the most recent quarter. Institutional investors and hedge funds own 20.56% of the company’s stock.

About urban-gro

Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.