GrowGeneration Corp. (NASDAQ:GRWG - Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 3,300,000 shares, a decline of 8.3% from the January 15th total of 3,600,000 shares. Approximately 6.1% of the shares of the company are sold short. Based on an average trading volume of 718,800 shares, the short-interest ratio is presently 4.6 days.
A number of institutional investors have recently added to or reduced their stakes in GRWG. SG Americas Securities LLC purchased a new stake in shares of GrowGeneration during the third quarter worth about $42,000. Empowered Funds LLC raised its holdings in GrowGeneration by 5.3% in the third quarter. Empowered Funds LLC now owns 112,180 shares of the company's stock valued at $239,000 after buying an additional 5,628 shares during the period. Jane Street Group LLC lifted its position in GrowGeneration by 120.0% during the third quarter. Jane Street Group LLC now owns 166,798 shares of the company's stock valued at $355,000 after buying an additional 90,966 shares in the last quarter. Barclays PLC increased its position in shares of GrowGeneration by 274.2% in the third quarter. Barclays PLC now owns 75,452 shares of the company's stock worth $161,000 after acquiring an additional 55,290 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in GrowGeneration by 510.6% during the 3rd quarter. Virtu Financial LLC now owns 81,655 shares of the company's stock worth $174,000 after purchasing an additional 68,282 shares during the period. Hedge funds and other institutional investors own 36.02% of the company's stock.
Shares of GRWG traded down $0.01 during mid-day trading on Tuesday, reaching $1.42. 405,130 shares of the company's stock were exchanged, compared to its average volume of 606,810. The business's fifty day simple moving average is $1.56 and its 200-day simple moving average is $1.85. GrowGeneration has a 52-week low of $1.35 and a 52-week high of $3.38. The stock has a market capitalization of $84.12 million, a PE ratio of -1.63 and a beta of 3.09.
GrowGeneration Corp., through its subsidiaries, owns and operates retail hydroponic and organic gardening stores in the United States. The company engages in the marketing and distribution of nutrients, additives, growing media, lighting, and environmental control systems, as well as other indoor and outdoor growing products.
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