Greystone Logistics, Inc. (OTCMKTS:GLGI) Sees Large Drop in Short Interest

Greystone Logistics, Inc. (OTCMKTS:GLGI) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 6,346 shares, a drop of 38.8% from the April 30th total of 10,372 shares. Based on an average daily volume of 108,747 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Greystone Logistics Trading Up 5.0%

OTCMKTS:GLGI traded up $0.01 during mid-day trading on Wednesday, reaching $0.21. 1,450 shares of the stock were exchanged, compared to its average volume of 76,868. The business has a fifty day moving average price of $0.23 and a 200 day moving average price of $0.38. The firm has a market capitalization of $5.73 million, a PE ratio of -1.24 and a beta of -0.08. Greystone Logistics has a 1-year low of $0.14 and a 1-year high of $1.35.

Greystone Logistics (OTCMKTS:GLGI) last issued its quarterly earnings results on Tuesday, April 14th. The company reported ($0.10) earnings per share for the quarter. Greystone Logistics had a negative net margin of 11.80% and a negative return on equity of 27.34%. The business had revenue of $3.47 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. The company was formerly known as PalWeb Corporation and changed its name to Greystone Logistics, Inc in March 2005. Greystone Logistics, Inc was incorporated in 1969 and is based in Tulsa, Oklahoma.