Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) Stock Short Interest Drops 78.1%

Planet Green Holdings Corp. (NYSEAMERICAN:PLAG) was the recipient of a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 91,022 shares, a decline of 78.1% from the October 15th total of 415,451 shares. Based on an average daily trading volume, of 5,560,660 shares, the short-interest ratio is currently 0.0 days. Approximately 1.2% of the company’s stock are short sold.

Planet Green Price Performance

Shares of Planet Green stock opened at $0.36 on Thursday. Planet Green has a 1-year low of $0.21 and a 1-year high of $6.81. The company has a market capitalization of $3.36 million, a PE ratio of -0.94 and a beta of 1.26. The business has a 50-day moving average of $0.59 and a 200-day moving average of $1.48.

Planet Green (NYSEAMERICAN:PLAG) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.08) EPS for the quarter. The business had revenue of $0.79 million during the quarter. Planet Green had a negative return on equity of 1,202.18% and a negative net margin of 276.14%.

About Planet Green

Planet Green Holdings Corp. is a diversified consumer-products company that manufactures and distributes food and disposable non-woven products. The company was formerly known as American Lorain Corporation and adopted the Planet Green Holdings name in 2017. Its food product portfolio has included packaged snack and specialty foods such as chestnuts, sweet potatoes, seeds, beans, dried fruits, vegetables and other shelf-stable products. The company has also been associated with disposable non-woven items, including protective and related single-use products.