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

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 60,021 shares, a decline of 48.3% from the April 15th total of 116,205 shares. Approximately 5.3% of the shares of the company are short sold. Based on an average daily trading volume, of 197,870 shares, the days-to-cover ratio is currently 0.3 days.

urban-gro Stock Up 1.6%

Shares of NASDAQ UGRO traded up $0.08 during trading hours on Monday, hitting $4.71. The company had a trading volume of 42,122 shares, compared to its average volume of 3,364,301. urban-gro has a 1-year low of $2.02 and a 1-year high of $37.00. The firm’s 50 day moving average is $10.13 and its 200-day moving average is $7.38. The stock has a market capitalization of $6.07 million, a P/E ratio of -0.06 and a beta of -2.77.

urban-gro (NASDAQ:UGRO) last posted its quarterly earnings results on Wednesday, April 15th. The company reported ($13.08) earnings per share for the quarter. The company had revenue of $0.48 million during the quarter.

Institutional Investors Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. Citadel Advisors LLC boosted its holdings in urban-gro, Inc. (NASDAQ:UGRO) by 162.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,167 shares of the company’s stock after acquiring an additional 44,667 shares during the period. Citadel Advisors LLC owned 0.57% of urban-gro worth $30,000 as of its most recent filing with the Securities and Exchange Commission. 20.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of urban-gro from a “sell” rating to a “hold” rating in a research note on Sunday, April 19th. Weiss Ratings cut urban-gro from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, urban-gro currently has a consensus rating of “Sell”.

urban-gro Company Profile

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.