urban-gro, Inc. (NASDAQ:UGRO) Short Interest Update

urban-gro, Inc. (NASDAQ:UGRO) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 17,068 shares, a drop of 55.5% from the May 14th total of 38,355 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 66,185 shares, the short-interest ratio is currently 0.3 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on UGRO shares. Weiss Ratings lowered shares of urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen upgraded shares of urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

urban-gro Stock Down 5.7%

Shares of UGRO traded down $0.17 during mid-day trading on Friday, reaching $2.82. 145,444 shares of the stock traded hands, compared to its average volume of 65,006. urban-gro has a 12-month low of $2.02 and a 12-month high of $37.00. The firm has a market cap of $3.72 million, a price-to-earnings ratio of -0.10 and a beta of -2.91. The stock has a fifty day simple moving average of $7.76 and a 200 day simple moving average of $6.82.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings results on Wednesday, April 15th. The company reported ($13.08) earnings per share for the quarter. urban-gro had a negative return on equity of 118.44% and a negative net margin of 82.11%.The company had revenue of $0.48 million for the quarter.

Institutional Trading of urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC lifted its stake in shares of urban-gro, Inc. (NASDAQ:UGRO) by 162.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,167 shares of the company’s stock after buying an additional 44,667 shares during the quarter. Citadel Advisors LLC owned approximately 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 20.56% of the stock is currently owned by hedge funds and other institutional investors.

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.