Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Down 16.7% in December

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the recipient of a large decline in short interest in December. As of December 15th, there was short interest totalling 2,500 shares, a decline of 16.7% from the November 30th total of 3,000 shares. Based on an average trading volume of 12,800 shares, the short-interest ratio is currently 0.2 days.

Greystone Logistics Stock Down 0.7 %

Shares of OTCMKTS GLGI traded down $0.01 during trading on Friday, reaching $1.03. 3,314 shares of the stock were exchanged, compared to its average volume of 22,437. The company has a market capitalization of $29.20 million, a price-to-earnings ratio of 9.39 and a beta of 1.38. The business’s 50-day moving average price is $1.03 and its 200 day moving average price is $1.27. The company has a quick ratio of 1.54, a current ratio of 2.11 and a debt-to-equity ratio of 0.44. Greystone Logistics has a twelve month low of $0.82 and a twelve month high of $2.35.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings results on Friday, October 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $13.46 million for the quarter. Greystone Logistics had a net margin of 6.00% and a return on equity of 15.05%.

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.