GrowGeneration Corp. (NASDAQ:GRWG) Short Interest Down 14.0% in February

GrowGeneration Corp. (NASDAQ:GRWG) was the target of a significant decrease in short interest in 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. Based on an average daily volume of 682,600 shares, the short-interest ratio is currently 4.4 days. Currently, 5.5% of the shares of the company are sold short.

GrowGeneration Stock Up 2.1 %

Shares of GrowGeneration stock traded up $0.03 on Thursday, reaching $1.25. 106,611 shares of the stock were exchanged, compared to its average volume of 778,324. GrowGeneration has a twelve month low of $0.91 and a twelve month high of $3.38. The business has a 50 day moving average price of $1.34 and a two-hundred day moving average price of $1.72. The firm has a market capitalization of $74.08 million, a price-to-earnings ratio of -1.43 and a beta of 3.39.

Hedge Funds Weigh In On GrowGeneration

Several institutional investors and hedge funds have recently modified their holdings of GRWG. Monaco Asset Management SAM acquired a new position in shares of GrowGeneration during the fourth quarter valued at approximately $783,000. Tidal Investments LLC boosted its holdings in GrowGeneration by 24.7% in the 3rd quarter. Tidal Investments LLC now owns 1,870,563 shares of the company’s stock valued at $3,984,000 after purchasing an additional 370,635 shares during the last quarter. Renaissance Technologies LLC purchased a new position in GrowGeneration in the fourth quarter worth approximately $431,000. Deutsche Bank AG raised its holdings in GrowGeneration by 449.9% in the 4th quarter. Deutsche Bank AG now owns 127,091 shares of the company’s stock valued at $215,000 after buying an additional 103,981 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of GrowGeneration by 120.0% in the 3rd 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 period. 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.