GrowGeneration Corp. (NASDAQ:GRWG) Sees Large Decline in Short Interest

GrowGeneration Corp. (NASDAQ:GRWG) saw a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 3,000,000 shares, a decrease of 14.0% from the February 13th total of 3,490,000 shares. Approximately 5.5% of the shares of the stock are sold short. Based on an average daily volume of 682,600 shares, the short-interest ratio is presently 4.4 days.

GrowGeneration Price Performance

GrowGeneration stock traded up $0.13 during trading hours on Wednesday, hitting $1.23. The stock had a trading volume of 1,295,152 shares, compared to its average volume of 781,772. The stock has a market capitalization of $73.19 million, a price-to-earnings ratio of -1.42 and a beta of 3.39. GrowGeneration has a 1-year low of $0.91 and a 1-year high of $3.38. The stock’s fifty day moving average is $1.35 and its two-hundred day moving average is $1.72.

Institutional Trading of GrowGeneration

Several large investors have recently bought and sold shares of GRWG. Empowered Funds LLC grew 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 purchasing an additional 5,628 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of 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 acquiring an additional 90,966 shares during the last quarter. Barclays PLC boosted its stake in shares of GrowGeneration by 274.2% during the third quarter. Barclays PLC now owns 75,452 shares of the company’s stock valued at $161,000 after acquiring an additional 55,290 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of GrowGeneration by 510.6% during the third quarter. Virtu Financial LLC now owns 81,655 shares of the company’s stock valued at $174,000 after acquiring an additional 68,282 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of GrowGeneration by 24.7% during the third quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after acquiring an additional 370,635 shares during the last quarter. Institutional investors and hedge funds own 36.02% of the company’s stock.

About GrowGeneration

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.