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

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 100 shares, a drop of 94.7% from the October 15th total of 1,900 shares. Based on an average daily volume of 43,000 shares, the days-to-cover ratio is currently 0.0 days.

Greystone Logistics Stock Performance

Shares of GLGI stock traded down $0.05 during trading hours on Wednesday, hitting $0.95. The company’s stock had a trading volume of 73,121 shares, compared to its average volume of 40,961. The company has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.44. The stock has a market cap of $26.87 million, a PE ratio of 8.64 and a beta of 1.43. The company has a 50 day moving average of $1.33 and a 200 day moving average of $1.31. Greystone Logistics has a 12-month low of $0.82 and a 12-month high of $2.35.

Greystone Logistics (OTCMKTS:GLGI) last announced its quarterly earnings data on Friday, October 18th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $13.46 million during the quarter. Greystone Logistics had a net margin of 6.00% and a return on equity of 15.05%.

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.