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

urban-gro, Inc. (NASDAQ:UGRO) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,529,364 shares, an increase of 339.8% from the November 30th total of 575,072 shares. Approximately 27.3% of the shares of the company are sold short. Based on an average daily volume of 5,526,506 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 5,526,506 shares, the short-interest ratio is presently 0.5 days. Approximately 27.3% of the shares of the company are sold short.

Institutional Investors Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC purchased a new position in shares of urban-gro, Inc. (NASDAQ:UGRO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro at the end of the most recent quarter. Institutional investors own 20.56% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of urban-gro in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

urban-gro Trading Down 3.1%

Shares of urban-gro stock opened at $0.34 on Thursday. The firm has a market cap of $5.05 million, a PE ratio of -0.30 and a beta of 1.87. urban-gro has a 12 month low of $0.21 and a 12 month high of $1.19. The stock has a 50 day moving average of $0.31 and a 200 day moving average of $0.38.

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.