Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Short Interest Down 43.2% in August

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 505,936 shares, a drop of 43.2% from the August 15th total of 891,041 shares. Based on an average daily trading volume, of 4,002,962 shares, the short-interest ratio is presently 0.1 days. Currently, 6.8% of the company’s stock are sold short.

Planet Green Price Performance

Shares of NYSEAMERICAN PLAG opened at $0.69 on Tuesday. The company has a 50-day moving average price of $0.98 and a 200-day moving average price of $1.48. The stock has a market capitalization of $6.44 million, a P/E ratio of -1.81 and a beta of 1.15. Planet Green has a 1 year low of $0.49 and a 1 year high of $6.81.

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

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.