GrowGeneration Corp. (NASDAQ:GRWG) Sees Large Drop in Short Interest

GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 3,300,000 shares, a drop of 8.3% from the January 15th total of 3,600,000 shares. Approximately 6.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 718,800 shares, the short-interest ratio is currently 4.6 days.

GrowGeneration Stock Down 5.7 %

NASDAQ:GRWG traded down $0.08 during trading hours on Friday, hitting $1.31. 2,834,223 shares of the company's stock traded hands, compared to its average volume of 546,551. The firm has a market cap of $77.66 million, a P/E ratio of -1.51 and a beta of 3.09. GrowGeneration has a 52 week low of $1.25 and a 52 week high of $3.38. The business's fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.84.

Institutional Investors Weigh In On GrowGeneration

Several hedge funds have recently added to or reduced their stakes in GRWG. SG Americas Securities LLC bought a new stake in GrowGeneration during the third quarter worth about $42,000. Empowered Funds LLC lifted its stake in GrowGeneration by 5.3% during the third quarter. Empowered Funds LLC now owns 112,180 shares of the company's stock worth $239,000 after purchasing an additional 5,628 shares during the last quarter. Jane Street Group LLC lifted its stake in GrowGeneration by 120.0% during the third quarter. Jane Street Group LLC now owns 166,798 shares of the company's stock worth $355,000 after purchasing an additional 90,966 shares during the last quarter. Barclays PLC lifted its stake in GrowGeneration by 274.2% during the third quarter. Barclays PLC now owns 75,452 shares of the company's stock worth $161,000 after purchasing an additional 55,290 shares during the last quarter. Finally, Virtu Financial LLC lifted its stake in GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company's stock worth $174,000 after purchasing an additional 68,282 shares during the last quarter. Institutional investors own 36.02% of the company's stock.

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About GrowGeneration

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.