Greystone Logistics, Inc. (OTCMKTS:GLGI) Short Interest Update

Greystone Logistics, Inc. (OTCMKTS:GLGI) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a drop of 94.7% from the October 15th total of 1,900 shares. Based on an average trading volume of 43,000 shares, the days-to-cover ratio is presently 0.0 days.

Greystone Logistics Stock Down 5.0 %

OTCMKTS GLGI traded down $0.05 on Wednesday, reaching $0.95. The company had a trading volume of 73,121 shares, compared to its average volume of 40,961. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.54 and a current ratio of 2.11. The firm has a market capitalization of $26.87 million, a price-to-earnings ratio of 8.64 and a beta of 1.43. Greystone Logistics has a 1-year low of $0.82 and a 1-year high of $2.35. The company’s fifty day moving average is $1.33 and its 200-day moving average is $1.31.

Greystone Logistics (OTCMKTS:GLGI) last posted its quarterly earnings results on Friday, October 18th. The company reported $0.01 EPS for the quarter. Greystone Logistics had a return on equity of 15.05% and a net margin of 6.00%. The business had revenue of $13.46 million during the quarter.

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.