Short Interest in urban-gro, Inc. (NASDAQ:UGRO) Declines By 48.3%

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 60,021 shares, a decrease of 48.3% from the April 15th total of 116,205 shares. Based on an average trading volume of 197,870 shares, the days-to-cover ratio is presently 0.3 days. Approximately 5.3% of the shares of the company are sold short.

Hedge Funds Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC grew its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the quarter. Citadel Advisors LLC owned about 0.57% of urban-gro worth $30,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.56% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on UGRO. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings downgraded shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

urban-gro Stock Down 16.9%

NASDAQ UGRO opened at $4.63 on Friday. The firm has a 50-day moving average price of $10.13 and a two-hundred day moving average price of $7.39. urban-gro has a 12-month low of $2.02 and a 12-month high of $37.00. The company has a market capitalization of $5.97 million, a P/E ratio of -0.06 and a beta of -2.77.

urban-gro (NASDAQ:UGRO) last announced its earnings results on Wednesday, April 15th. The company reported ($13.08) EPS for the quarter. The firm had revenue of $0.48 million for the quarter.

urban-gro Company Profile

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.