GrowGeneration Corp. (NASDAQ:GRWG) Short Interest Update

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

GrowGeneration Price Performance

GrowGeneration stock opened at $1.23 on Friday. The stock’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.71. The company has a market cap of $73.13 million, a PE ratio of -1.41 and a beta of 3.39. GrowGeneration has a 1-year low of $0.91 and a 1-year high of $3.38.

Insider Activity at GrowGeneration

In other GrowGeneration news, President Michael Salaman purchased 85,465 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The shares were purchased at an average cost of $1.21 per share, for a total transaction of $103,412.65. Following the completion of the purchase, the president now directly owns 1,639,313 shares in the company, valued at $1,983,568.73. This represents a 5.50 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Darren Lampert purchased 82,639 shares of the firm’s stock in a transaction that occurred on Wednesday, March 19th. The stock was acquired at an average price of $1.19 per share, for a total transaction of $98,340.41. Following the completion of the purchase, the chief executive officer now owns 1,728,522 shares of the company’s stock, valued at approximately $2,056,941.18. This represents a 5.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 7.07% of the company’s stock.

Institutional Trading of GrowGeneration

A number of institutional investors have recently bought and sold shares of the company. Deutsche Bank AG boosted its position in GrowGeneration by 449.9% during the fourth quarter. Deutsche Bank AG now owns 127,091 shares of the company’s stock worth $215,000 after purchasing an additional 103,981 shares in the last quarter. Bank of America Corp DE boosted its position in GrowGeneration by 36.7% during the fourth quarter. Bank of America Corp DE now owns 60,104 shares of the company’s stock worth $102,000 after purchasing an additional 16,132 shares in the last quarter. Oxford Asset Management LLP purchased a new stake in GrowGeneration during the fourth quarter worth $33,000. Two Sigma Securities LLC boosted its position in GrowGeneration by 158.6% during the fourth quarter. Two Sigma Securities LLC now owns 32,594 shares of the company’s stock worth $55,000 after purchasing an additional 19,992 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in GrowGeneration by 13.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 80,998 shares of the company’s stock worth $137,000 after purchasing an additional 9,613 shares in the last quarter. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

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.