urban-gro, Inc. (NASDAQ:UGRO) Sees Large Growth in Short Interest

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,010,000 shares, an increase of 702.5% from the September 30th total of 375,100 shares. Based on an average trading volume of 9,270,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 29.9% of the company’s stock are sold short. Approximately 29.9% of the company’s stock are sold short. Based on an average trading volume of 9,270,000 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of urban-gro in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

urban-gro Stock Performance

Shares of UGRO stock opened at $0.38 on Thursday. urban-gro has a fifty-two week low of $0.26 and a fifty-two week high of $1.92. The stock has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.41. The company has a market cap of $4.76 million, a P/E ratio of -0.33 and a beta of 1.85.

About urban-gro

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.