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

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

Hedge Funds Weigh In On urban-gro

A hedge fund recently bought a new stake in urban-gro stock. Virtu Financial LLC acquired a new stake in urban-gro, Inc. (NASDAQ:UGRO) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 0.77% of urban-gro at the end of the most recent reporting period. 20.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on UGRO shares. Wall Street Zen upgraded urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. Weiss Ratings cut urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

urban-gro Price Performance

Shares of NASDAQ:UGRO traded down $0.17 during trading on Friday, hitting $2.82. 145,444 shares of the company’s stock were exchanged, compared to its average volume of 65,006. urban-gro has a 52-week low of $2.02 and a 52-week high of $37.00. The business’s 50-day simple moving average is $7.76 and its 200 day simple moving average is $6.82. The company has a market cap of $3.72 million, a price-to-earnings ratio of -0.10 and a beta of -2.91.

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

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.