GrowGeneration Corp. (NASDAQ:GRWG) Short Interest Update

GrowGeneration Corp. (NASDAQ:GRWG) was the target of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000,000 shares, a decrease of 14.0% from the February 13th total of 3,490,000 shares. Based on an average trading volume of 682,600 shares, the days-to-cover ratio is currently 4.4 days. Approximately 5.5% of the company’s stock are sold short.

Insider Activity

In other GrowGeneration news, CEO Darren Lampert acquired 82,639 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were acquired at an average price of $1.19 per share, for a total transaction of $98,340.41. Following the acquisition, the chief executive officer now owns 1,728,522 shares in the company, valued at $2,056,941.18. The trade was a 5.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Michael Salaman purchased 85,465 shares of the company’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average price of $1.21 per share, for a total transaction of $103,412.65. Following the purchase, the president now directly owns 1,639,313 shares in the company, valued at $1,983,568.73. The trade was a 5.50 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.07% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GRWG. Empowered Funds LLC grew its stake in GrowGeneration by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 112,180 shares of the company’s stock worth $239,000 after buying an additional 5,628 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of GrowGeneration by 120.0% in the third quarter. Jane Street Group LLC now owns 166,798 shares of the company’s stock valued at $355,000 after purchasing an additional 90,966 shares during the period. Barclays PLC increased its holdings in shares of GrowGeneration by 274.2% in the third quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after purchasing an additional 55,290 shares during the period. Virtu Financial LLC increased its holdings in shares of GrowGeneration by 510.6% in the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after purchasing an additional 68,282 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of GrowGeneration by 24.7% in the third quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after purchasing an additional 370,635 shares during the period. Hedge funds and other institutional investors own 36.02% of the company’s stock.

GrowGeneration Stock Up 0.8 %

NASDAQ:GRWG opened at $1.23 on Friday. The stock’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.71. The company has a market capitalization of $73.13 million, a PE ratio of -1.41 and a beta of 3.39. GrowGeneration has a 52-week low of $0.91 and a 52-week high of $3.38.

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.