Short Interest in Greystone Logistics, Inc. (OTCMKTS:GLGI) Declines By 94.7%

by · The Cerbat Gem

Greystone Logistics, Inc. (OTCMKTS:GLGI – Get Free Report) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 100 shares, a decrease of 94.7% from the October 15th total of 1,900 shares. Based on an average daily volume of 43,000 shares, the short-interest ratio is currently 0.0 days.

Greystone Logistics Price Performance

Shares of Greystone Logistics stock traded up $0.05 during midday trading on Tuesday, reaching $1.00. The company had a trading volume of 36,378 shares, compared to its average volume of 24,236. The company has a market capitalization of $28.28 million, a price-to-earnings ratio of 9.09 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 has a current ratio of 2.11, a quick ratio of 1.54 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.31.

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

Greystone Logistics Company Profile

(Get Free Report)

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.

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