Greystone Logistics, Inc. (OTCMKTS:GLGI) Sees Significant Increase in Short Interest

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the recipient 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 20,000 shares, the short-interest ratio is presently 0.3 days.

Greystone Logistics Price Performance

Greystone Logistics stock traded up $0.02 during midday trading on Friday, hitting $1.05. The company’s stock had a trading volume of 18,700 shares, compared to its average volume of 24,333. Greystone Logistics has a 12 month low of $0.89 and a 12 month high of $1.98. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $29.20 million, a PE ratio of 14.96 and a beta of 1.35. The stock’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.12.

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

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.