Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Stock Short Interest Drops 78.1%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) saw a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 91,022 shares, a decline of 78.1% from the October 15th total of 415,451 shares. Based on an average daily trading volume, of 5,560,660 shares, the days-to-cover ratio is currently 0.0 days. Currently, 1.2% of the company’s shares are sold short.

Planet Green Stock Down 4.3%

Planet Green stock opened at $0.36 on Thursday. The firm has a fifty day moving average of $0.59 and a 200-day moving average of $1.48. Planet Green has a 52-week low of $0.21 and a 52-week high of $6.81. The firm has a market capitalization of $3.36 million, a P/E ratio of -0.94 and a beta of 1.26.

Planet Green (NYSEAMERICAN:PLAG) last posted its earnings results on Friday, August 14th. The company reported ($0.08) earnings per share for the quarter. Planet Green had a negative net margin of 276.14% and a negative return on equity of 1,202.18%. The business had revenue of $0.79 million for the quarter.

Planet Green Company Profile

Planet Green Holdings Corp. is a diversified consumer-products company that manufactures and distributes food and disposable non-woven products. The company was formerly known as American Lorain Corporation and adopted the Planet Green Holdings name in 2017. Its food product portfolio has included packaged snack and specialty foods such as chestnuts, sweet potatoes, seeds, beans, dried fruits, vegetables and other shelf-stable products. The company has also been associated with disposable non-woven items, including protective and related single-use products.