GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 3,300,000 shares, a decline of 8.3% from the January 15th total of 3,600,000 shares. Based on an average daily volume of 718,800 shares, the days-to-cover ratio is presently 4.6 days. Approximately 6.1% of the shares of the company are sold short.
Institutional Trading of GrowGeneration
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new position in GrowGeneration during the fourth quarter worth $27,000. Oxford Asset Management LLP acquired a new position in GrowGeneration in the fourth quarter valued at $33,000. SG Americas Securities LLC purchased a new stake in shares of GrowGeneration during the third quarter worth about $42,000. Intech Investment Management LLC bought a new position in shares of GrowGeneration during the fourth quarter valued at approximately $42,000. Finally, Two Sigma Securities LLC lifted its position in GrowGeneration by 158.6% in the fourth quarter. Two Sigma Securities LLC now owns 32,594 shares of the company's stock worth $55,000 after purchasing an additional 19,992 shares during the period. 36.02% of the stock is owned by institutional investors and hedge funds.
GrowGeneration Stock Down 5.7 %
NASDAQ GRWG traded down $0.08 during trading hours on Friday, reaching $1.31. The company's stock had a trading volume of 2,830,695 shares, compared to its average volume of 656,175. The company has a market capitalization of $77.66 million, a price-to-earnings ratio of -1.51 and a beta of 3.09. GrowGeneration has a 1 year low of $1.25 and a 1 year high of $3.38. The firm's 50-day moving average price is $1.54 and its 200-day moving average price is $1.84.
GrowGeneration Company Profile
(
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GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.
Further Reading
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