urban-gro, Inc. (NASDAQ:UGRO) Short Interest Up 39.2% in April

urban-gro, Inc. (NASDAQ:UGRO) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 227,100 shares, a growth of 39.2% from the March 31st total of 163,200 shares. Based on an average trading volume of 111,200 shares, the short-interest ratio is currently 2.0 days. Approximately 2.8% of the company’s shares are short sold.

urban-gro Price Performance

urban-gro stock opened at $1.75 on Friday. The company’s 50 day simple moving average is $1.94 and its 200-day simple moving average is $1.60. urban-gro has a 1 year low of $1.00 and a 1 year high of $2.84.

urban-gro (NASDAQ:UGRO) last released its quarterly earnings results on Wednesday, March 27th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.24). urban-gro had a negative return on equity of 61.92% and a negative net margin of 26.11%. The firm had revenue of $15.01 million for the quarter, compared to analyst estimates of $29.98 million. Analysts predict that urban-gro will post -0.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Craig Hallum cut their target price on urban-gro from $6.00 to $3.25 and set a “buy” rating for the company in a research note on Thursday, March 28th.

Hedge Funds Weigh In On urban-gro

An institutional investor recently raised its position in urban-gro stock. AWM Investment Company Inc. lifted its holdings in shares of urban-gro, Inc. (NASDAQ:UGRO) by 69.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,138,861 shares of the company’s stock after purchasing an additional 464,781 shares during the quarter. AWM Investment Company Inc. owned about 9.76% of urban-gro worth $1,549,000 as of its most recent filing with the SEC. Institutional investors own 20.56% of the company’s stock.

urban-gro Company Profile

urban-gro, Inc engages in the designing, engineering, building, and integrating complex environmental equipment systems for indoor controlled environment agriculture (CEA) cultivation and retail facilities in the United States, Canada, and Europe. The company provides architectural design, engineering, and construction services comprising pre-construction, cultivation space programming (CSP), architectural and interior design, engineering, integrated cultivation design, owner's representative/construction management, and general contracting services; and maintenance, training, and support services.