GrowLife, Inc. (OTCMKTS:PHOT) Short Interest Down 99.5% in August

GrowLife, Inc. (OTCMKTS:PHOT) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 99.5% from the August 15th total of 21,700 shares. Based on an average daily trading volume, of 1,191,000 shares, the days-to-cover ratio is currently 0.0 days.

Shares of OTCMKTS:PHOT remained flat at $$0.05 during mid-day trading on Wednesday. The company had a trading volume of 580,110 shares, compared to its average volume of 897,274. The firm has a market capitalization of $4.31 million, a price-to-earnings ratio of -0.25 and a beta of -0.21. GrowLife has a 1-year low of $0.04 and a 1-year high of $0.57. The stock’s 50-day moving average price is $0.05 and its 200 day moving average price is $0.11.

GrowLife Company Profile

GrowLife, Inc provides hydroponic equipment, lighting, nutrients, media, and other cultivation supplies to commercial and urban operations. The firm agricultural equipment includes growing mediums, hydroponics systems, tools for cutting and propagation, bulbs, indoor lighting systems, and accessories, ballasts, reflectors, meters and timers, and other technology control equipment for the cannabis and indoor plant cultivation and industries.

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