The GrowHub Limited (NASDAQ:TGHL) Short Interest Update

The GrowHub Limited (NASDAQ:TGHL) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 153,743 shares, a drop of 57.8% from the July 15th total of 364,626 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,804,807 shares, the short-interest ratio is presently 0.0 days.

GrowHub Price Performance

NASDAQ:TGHL traded down $0.08 during trading hours on Friday, reaching $1.04. The company’s stock had a trading volume of 377,386 shares, compared to its average volume of 1,714,667. The firm has a 50-day simple moving average of $0.70 and a 200-day simple moving average of $0.49. GrowHub has a 1 year low of $0.27 and a 1 year high of $4.25.

GrowHub (NASDAQ:TGHL) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised GrowHub from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, May 26th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.