urban-gro, Inc. (NASDAQ:UGRO – Get Rating) was the recipient of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 143,700 shares, a decline of 12.2% from the February 13th total of 163,700 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is currently 3.7 days. Currently, 1.7% of the shares of the company are short sold.
Hedge Funds Weigh In On urban-gro
Institutional investors and hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP acquired a new position in shares of urban-gro in the fourth quarter valued at about $31,000. Citadel Advisors LLC acquired a new position in shares of urban-gro in the third quarter valued at about $36,000. Dimensional Fund Advisors LP acquired a new position in shares of urban-gro in the fourth quarter valued at about $39,000. Jane Street Group LLC bought a new stake in urban-gro during the fourth quarter worth about $52,000. Finally, UMB Bank n.a. acquired a new stake in urban-gro during the third quarter worth about $112,000. 27.63% of the stock is currently owned by institutional investors and hedge funds.
Get urban-gro alerts:urban-gro Price Performance
NASDAQ:UGRO opened at $3.42 on Monday. urban-gro has a one year low of $2.63 and a one year high of $12.82. The company has a market cap of $36.29 million, a P/E ratio of -3.08 and a beta of 3.49. The firm's fifty day moving average price is $3.58 and its two-hundred day moving average price is $3.69.
urban-gro Company Profile
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urban-gro, Inc operates as an engineering design services company that integrates complex environmental equipment systems to create indoor cultivation facilities for the commercial horticulture market in the United States, Canada, and Europe. The company offers engineering and design services, including cultivation space programming, integrated cultivation design, and full-facility mechanical, electrical, and plumbing engineering; training services ranging from equipment standard operating procedure libraries to staff training sessions; facility and equipment commissioning services; program overview and pricing; and related-party hardware and software platforms.
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