Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Down 60.0% in January

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totalling 1,000 shares, a drop of 60.0% from the December 31st total of 2,500 shares. Based on an average daily volume of 11,400 shares, the days-to-cover ratio is presently 0.1 days.

Greystone Logistics Stock Up 2.0 %

GLGI stock traded up $0.02 during mid-day trading on Wednesday, reaching $1.03. The company had a trading volume of 11,672 shares, compared to its average volume of 22,633. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.52. The stock has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $1.23. The company has a market capitalization of $29.13 million, a price-to-earnings ratio of 14.71 and a beta of 1.36. Greystone Logistics has a 52 week low of $0.89 and a 52 week high of $2.35.

Greystone Logistics (OTCMKTS:GLGI) last released its quarterly earnings data on Tuesday, January 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Greystone Logistics had a net margin of 4.23% and a return on equity of 9.78%.

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.