Greystone Logistics, Inc. (OTCMKTS:GLGI) Sees Large Growth in Short Interest

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large increase in short interest during 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 trading volume, of 20,700 shares, the days-to-cover ratio is currently 0.0 days.

Greystone Logistics Stock Down 0.8 %

Shares of Greystone Logistics stock traded down $0.01 on Friday, hitting $1.27. 500 shares of the company’s stock traded hands, compared to its average volume of 11,477. The stock has a market cap of $35.92 million, a P/E ratio of 9.14 and a beta of 1.37. The firm’s 50-day moving average is $1.22 and its 200 day moving average is $1.21. Greystone Logistics has a 52-week low of $0.81 and a 52-week high of $2.35. The company has a quick ratio of 1.75, a current ratio of 2.16 and a debt-to-equity ratio of 0.53.

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

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.