urban-gro, Inc. (NASDAQ:UGRO) Short Interest Update

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 37,836 shares, an increase of 58.9% from the February 12th total of 23,810 shares. Based on an average trading volume of 356,393 shares, the days-to-cover ratio is presently 0.1 days. Currently, 5.7% of the company’s shares are sold short. Currently, 5.7% of the company’s shares are sold short. Based on an average trading volume of 356,393 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On urban-gro

An institutional investor recently bought a new position in urban-gro stock. Virtu Financial LLC acquired a new position in urban-gro, Inc. (NASDAQ:UGRO) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 97,267 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 0.77% of urban-gro at the end of the most recent reporting period. 20.56% of the stock is owned by hedge funds and other institutional investors.

urban-gro Price Performance

UGRO stock traded down $0.36 on Friday, hitting $2.81. 79,368 shares of the company were exchanged, compared to its average volume of 110,957. The stock has a market capitalization of $2.10 million, a price-to-earnings ratio of -0.04 and a beta of 1.88. urban-gro has a twelve month low of $2.02 and a twelve month high of $20.49. The business’s fifty day moving average is $4.14 and its two-hundred day moving average is $7.59.

urban-gro (NASDAQ:UGRO) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported ($9.14) earnings per share for the quarter. The business had revenue of $9.51 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of urban-gro in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, urban-gro has an average rating of “Sell”.

About urban-gro

Urban-gro, Inc is a provider of cultivation solutions for the regulated cannabis and controlled environment agriculture markets. The company specializes in engineering, procurement and construction management for both indoor and greenhouse facilities. Its core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.

Complementing its hardware solutions, Urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite.