Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Rises By 533.3%

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,900 shares, a growth of 533.3% from the September 30th total of 300 shares. Based on an average daily volume of 21,500 shares, the short-interest ratio is currently 0.1 days.

Greystone Logistics Price Performance

GLGI stock traded up $0.01 during trading on Friday, reaching $1.18. The company’s stock had a trading volume of 2,020 shares, compared to its average volume of 15,948. The company has a quick ratio of 1.80, a current ratio of 2.11 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $1.44 and its 200-day moving average is $1.32. The company has a market capitalization of $33.37 million, a P/E ratio of 10.93 and a beta of 1.40. Greystone Logistics has a 1 year low of $0.82 and a 1 year high of $2.35.

Greystone Logistics (OTCMKTS:GLGI) last posted its earnings results on Friday, September 13th. The company reported $0.06 earnings per share for the quarter. The company had revenue of $14.79 million during 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.