Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Sees Significant Increase in Short Interest

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 891,041 shares, a growth of 830.9% from the July 30th total of 95,717 shares. Based on an average daily volume of 24,647,422 shares, the days-to-cover ratio is currently 0.0 days. Currently, 11.9% of the shares of the stock are sold short.

Planet Green Price Performance

PLAG stock traded up $0.00 during midday trading on Thursday, reaching $0.73. The company had a trading volume of 122,177 shares, compared to its average volume of 2,306,063. Planet Green has a 1 year low of $0.49 and a 1 year high of $6.81. The firm has a 50-day moving average price of $1.29 and a 200-day moving average price of $1.71. The company has a market capitalization of $6.81 million, a P/E ratio of -1.91 and a beta of 1.12.

Planet Green (NYSEAMERICAN:PLAG) last released its earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $0.79 million during the quarter. Planet Green had a negative net margin of 276.14% and a negative return on equity of 1,202.18%.

About Planet Green

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.