Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Expands By 614.3%

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 5,000 shares, a growth of 614.3% from the February 28th total of 700 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,000 shares, the short-interest ratio is currently 0.3 days.

Greystone Logistics Price Performance

Shares of GLGI stock traded up $0.02 on Thursday, reaching $1.05. The company had a trading volume of 18,700 shares, compared to its average volume of 24,272. The business’s 50-day moving average is $1.02 and its 200 day moving average is $1.12. Greystone Logistics has a one year low of $0.89 and a one year high of $1.98. The company has a quick ratio of 1.52, a current ratio of 2.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $29.20 million, a PE ratio of 14.96 and a beta of 1.35.

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

Greystone Logistics Company Profile

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.