The GrowHub Limited (NASDAQ:TGHL) Sees Significant Drop in Short Interest

The GrowHub Limited (NASDAQ:TGHL) was the target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 60,698 shares, a decrease of 41.1% from the September 15th total of 103,091 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 73,994 shares, the short-interest ratio is currently 0.8 days.

GrowHub Price Performance

TGHL stock opened at $0.69 on Thursday. The firm has a 50 day simple moving average of $0.83 and a two-hundred day simple moving average of $0.63. GrowHub has a one year low of $0.27 and a one year high of $2.48.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of GrowHub to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of GrowHub in a research note on Friday, August 21st. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, GrowHub currently has an average rating of “Sell”.

About GrowHub

GrowHub, also known as The GrowHub Limited (NASDAQ: TGHL), is a technology company focused on sustainability, traceability and digital solutions for the agriculture, food and consumer-products industries. Its platform is designed to help businesses collect, manage and communicate information about products and supply chains.

The company’s offerings include tools intended to improve supply-chain visibility, support product traceability and help organizations assess environmental and sustainability data.