Short Interest in Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Decreases By 42.3%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 58,338 shares, a drop of 42.3% from the April 30th total of 101,177 shares. Based on an average daily volume of 44,943 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.8% of the shares of the company are sold short.

Planet Green Trading Down 1.8%

Planet Green stock traded down $0.03 during trading on Tuesday, reaching $1.62. The company had a trading volume of 1,744 shares, compared to its average volume of 24,957. Planet Green has a 52 week low of $0.47 and a 52 week high of $4.49. The firm’s 50-day simple moving average is $1.59 and its 200 day simple moving average is $2.20. The firm has a market capitalization of $15.20 million, a price-to-earnings ratio of -4.26 and a beta of 1.10.

Planet Green (NYSEAMERICAN:PLAG) last announced its earnings results on Saturday, May 16th. The company reported $0.04 EPS for the quarter. Planet Green had a negative return on equity of 1,172.32% and a negative net margin of 299.99%.The company had revenue of $6.36 million for the quarter.

Planet Green Company Profile

Planet Green Holdings Corp., through its subsidiaries, engages in the production and distribution of brick, black, and green tea products in China and internationally. It also imports and distributes beef and mutton products; manufactures and sells ethanol fuel and fuel additives, including alcohol based clean fuel, liquid wax, arene, and biomass fuel; and produces formaldehyde, urea formaldehyde adhesive, and methylal products, as well as vehicles gasoline and diesel products. In addition, the company manufactures and sells insulation type explosion-proof skid-mounted refueling equipment and SF double-layer buried oil storage tank products.