Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Increases By ∞

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 666 shares, a growth of ∞ from the August 15th total of 0 shares. Based on an average daily trading volume, of 16,695 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Greystone Logistics Price Performance

OTCMKTS:GLGI remained flat at $0.22 during mid-day trading on Wednesday. 27,800 shares of the company’s stock were exchanged, compared to its average volume of 56,301. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.28 and a current ratio of 0.46. The stock has a market capitalization of $6.00 million, a PE ratio of -0.73 and a beta of -0.04. Greystone Logistics has a 12-month low of $0.14 and a 12-month high of $1.27. The firm’s 50 day moving average is $0.23 and its two-hundred day moving average is $0.23.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings results on Monday, August 31st. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $5.56 million during the quarter. Greystone Logistics had a negative net margin of 29.91% and a negative return on equity of 54.40%.

About Greystone Logistics

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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.