Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Drops By 93.5%

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 200 shares, a drop of 93.5% from the January 31st total of 3,100 shares. Based on an average daily volume of 55,500 shares, the days-to-cover ratio is currently 0.0 days.

Greystone Logistics Trading Down 2.7 %

Shares of GLGI stock traded down $0.03 during trading hours on Thursday, reaching $1.00. The company had a trading volume of 19,200 shares, compared to its average volume of 31,242. The company has a 50 day moving average of $1.03 and a 200 day moving average of $1.18. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.52. The firm has a market cap of $27.88 million, a price-to-earnings ratio of 14.29 and a beta of 1.37. Greystone Logistics has a 1-year low of $0.89 and a 1-year high of $1.98.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Tuesday, January 14th. The company reported ($0.01) earnings per share (EPS) for the quarter. Greystone Logistics had a return on equity of 9.78% and a net margin of 4.23%.

About Greystone Logistics

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.