Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Expands By 200.0%

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totalling 300 shares, an increase of 200.0% from the June 15th total of 100 shares. Based on an average trading volume of 20,700 shares, the short-interest ratio is presently 0.0 days.

Greystone Logistics Price Performance

GLGI stock traded down $0.01 during trading on Thursday, hitting $1.27. 500 shares of the company’s stock traded hands, compared to its average volume of 26,521. The business has a fifty day simple moving average of $1.22 and a 200 day simple moving average of $1.21. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.16. The stock has a market capitalization of $35.92 million, a price-to-earnings ratio of 9.07 and a beta of 1.37. Greystone Logistics has a 52 week low of $0.81 and a 52 week high of $2.35.

Greystone Logistics (OTCMKTS:GLGI) last announced its earnings results on Monday, April 15th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.98 million during the quarter. Greystone Logistics had a return on equity of 21.30% and a net margin of 7.15%.

Greystone Logistics Company Profile

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors.