urban-gro, Inc. (NASDAQ:UGRO) Short Interest Down 48.3% in April

urban-gro, Inc. (NASDAQ:UGRO) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 60,021 shares, a drop of 48.3% from the April 15th total of 116,205 shares. Based on an average daily trading volume, of 197,870 shares, the short-interest ratio is presently 0.3 days. Approximately 5.3% of the shares of the company are short sold.

urban-gro Price Performance

NASDAQ:UGRO traded down $0.94 during trading hours on Friday, hitting $4.63. The stock had a trading volume of 137,457 shares, compared to its average volume of 170,911. The company has a 50 day simple moving average of $10.13 and a two-hundred day simple moving average of $7.39. The firm has a market capitalization of $5.97 million, a price-to-earnings ratio of -0.06 and a beta of -2.77. urban-gro has a one year low of $2.02 and a one year high of $37.00.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings results on Wednesday, April 15th. The company reported ($13.08) earnings per share for the quarter. The firm had revenue of $0.48 million for the quarter.

Wall Street Analyst Weigh In

Several equities analysts recently commented on UGRO shares. Weiss Ratings downgraded urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday. Wall Street Zen raised shares of urban-gro from a “sell” rating to a “hold” rating in a research report on Sunday, April 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Institutional Investors Weigh In On urban-gro

A hedge fund recently raised its stake in urban-gro stock. Citadel Advisors LLC boosted its position in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the quarter. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 20.56% of the company’s stock.

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.