Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Declines By 60.0%

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,000 shares, a drop of 60.0% from the December 15th total of 2,500 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is presently 0.1 days.

Greystone Logistics Stock Down 1.0 %

Shares of OTCMKTS:GLGI traded down $0.01 on Tuesday, reaching $1.02. The company had a trading volume of 9,874 shares, compared to its average volume of 12,947. 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 firm has a market capitalization of $28.85 million, a PE ratio of 9.27 and a beta of 1.36. Greystone Logistics has a 52-week low of $0.89 and a 52-week high of $2.35. The firm’s 50 day simple moving average is $1.00 and its 200-day simple moving average is $1.25.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Tuesday, January 14th. The company reported ($0.01) EPS for 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.