Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Short Interest Up 830.9% in August

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 891,041 shares, an increase of 830.9% from the July 30th total of 95,717 shares. Currently, 11.9% of the company’s stock are short sold. Based on an average daily volume of 24,647,422 shares, the short-interest ratio is presently 0.0 days.

Planet Green Stock Down 8.0%

Shares of PLAG stock traded down $0.06 during trading on Tuesday, reaching $0.72. The company’s stock had a trading volume of 2,065,149 shares, compared to its average volume of 14,354,094. Planet Green has a one year low of $0.49 and a one year high of $6.81. The business has a fifty day moving average price of $1.31 and a 200-day moving average price of $1.73. The company has a market cap of $6.76 million, a price-to-earnings ratio of -1.90 and a beta of 1.12.

Planet Green (NYSEAMERICAN:PLAG) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The company had revenue of $0.79 million for the quarter. Planet Green had a negative net margin of 276.14% and a negative return on equity of 1,202.18%.

About Planet Green

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.