Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Up 200.0% in June

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 300 shares, an increase of 200.0% from the June 15th total of 100 shares. Based on an average daily volume of 20,700 shares, the days-to-cover ratio is presently 0.0 days.

Greystone Logistics Stock Performance

Shares of GLGI traded up $0.03 during mid-day trading on Friday, hitting $1.30. The company’s stock had a trading volume of 36,691 shares, compared to its average volume of 11,423. Greystone Logistics has a one year low of $0.81 and a one year high of $2.35. The stock’s 50-day moving average is $1.22 and its two-hundred day moving average is $1.21. The firm has a market capitalization of $36.76 million, a PE ratio of 9.07 and a beta of 1.37. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.16.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings results on Monday, April 15th. The company reported $0.01 earnings per share for the quarter. Greystone Logistics had a net margin of 7.15% and a return on equity of 21.30%. The firm had revenue of $13.98 million during the quarter.

About Greystone Logistics

Greystone Logistics, Inc, through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins in the United States. The company offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. It sells its pallets directly, as well as through a network of independent contractor distributors.