Greystone Logistics, Inc. (OTCMKTS:GLGI) Sees Significant Decline in Short Interest

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 94.7% from the October 15th total of 1,900 shares. Based on an average daily trading volume, of 43,000 shares, the short-interest ratio is presently 0.0 days.

Greystone Logistics Stock Up 5.3 %

Shares of GLGI traded up $0.05 during trading hours on Tuesday, reaching $1.00. The stock had a trading volume of 36,378 shares, compared to its average volume of 24,236. The firm has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.31. Greystone Logistics has a 12 month low of $0.82 and a 12 month high of $2.35. The company has a market capitalization of $28.28 million, a price-to-earnings ratio of 9.09 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.44.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.01 earnings per share (EPS) for the quarter. Greystone Logistics had a net margin of 6.00% and a return on equity of 15.05%. The company had revenue of $13.46 million for the quarter.

About Greystone Logistics

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.