The GrowHub Limited (NASDAQ:TGHL) Stock Short Interest Falls 41.1%

The GrowHub Limited (NASDAQ:TGHL) saw a significant drop in short interest in September. As of September 30th, there was short interest totaling 60,698 shares, a drop of 41.1% from the September 15th total of 103,091 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 73,994 shares, the short-interest ratio is currently 0.8 days.

GrowHub Stock Performance

NASDAQ:TGHL traded down $0.06 during mid-day trading on Friday, hitting $0.58. 152,656 shares of the stock traded hands, compared to its average volume of 2,607,490. GrowHub has a 52 week low of $0.27 and a 52 week high of $2.48. The firm’s 50 day moving average is $0.83 and its two-hundred day moving average is $0.63.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TGHL. Wall Street Zen raised GrowHub to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of GrowHub in a research report on Friday, August 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

GrowHub Company Profile

GrowHub, also known as The GrowHub Limited (NASDAQ: TGHL), is a technology company focused on sustainability, traceability and digital solutions for the agriculture, food and consumer-products industries. Its platform is designed to help businesses collect, manage and communicate information about products and supply chains.

The company’s offerings include tools intended to improve supply-chain visibility, support product traceability and help organizations assess environmental and sustainability data.