GrowGeneration Corp. (NASDAQ:GRWG) Sees Significant Drop in Short Interest

GrowGeneration Corp. (NASDAQ:GRWG) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 3,300,000 shares, a drop of 8.3% from the January 15th total of 3,600,000 shares. Based on an average daily volume of 718,800 shares, the short-interest ratio is currently 4.6 days. Approximately 6.1% of the company’s stock are short sold.

GrowGeneration Stock Down 0.7 %

Shares of GRWG traded down $0.01 during mid-day trading on Tuesday, hitting $1.42. 405,130 shares of the company traded hands, compared to its average volume of 606,810. The company has a market capitalization of $84.12 million, a PE ratio of -1.63 and a beta of 3.09. GrowGeneration has a 1-year low of $1.35 and a 1-year high of $3.38. The business has a 50 day moving average of $1.56 and a 200 day moving average of $1.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in GrowGeneration in the 4th quarter worth about $27,000. Oxford Asset Management LLP acquired a new stake in shares of GrowGeneration in the fourth quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in GrowGeneration during the third quarter worth $42,000. Intech Investment Management LLC acquired a new position in GrowGeneration during the fourth quarter worth $42,000. Finally, Two Sigma Securities LLC grew its position in GrowGeneration by 158.6% in the fourth quarter. Two Sigma Securities LLC now owns 32,594 shares of the company’s stock worth $55,000 after acquiring an additional 19,992 shares during the period. Hedge funds and other institutional investors own 36.02% of the company’s stock.

About GrowGeneration

GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.