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

GrowGeneration Corp. (NASDAQ:GRWG) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 3,300,000 shares, a drop of 8.3% from the January 15th total of 3,600,000 shares. Based on an average daily volume of 718,800 shares, the days-to-cover ratio is presently 4.6 days. Currently, 6.1% of the shares of the company are short sold.

Hedge Funds Weigh In On GrowGeneration

A number of hedge funds have recently modified their holdings of the business. Deutsche Bank AG grew its position in GrowGeneration by 449.9% during the 4th quarter. Deutsche Bank AG now owns 127,091 shares of the company’s stock worth $215,000 after purchasing an additional 103,981 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of 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 buying an additional 16,132 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of GrowGeneration during the fourth quarter worth about $33,000. Two Sigma Securities LLC raised its stake in GrowGeneration by 158.6% during the 4th quarter. Two Sigma Securities LLC now owns 32,594 shares of the company’s stock valued at $55,000 after acquiring an additional 19,992 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of 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 during the last quarter. 36.02% of the stock is currently owned by hedge funds and other institutional investors.

GrowGeneration Price Performance

GrowGeneration stock opened at $1.42 on Wednesday. The stock has a 50-day simple moving average of $1.56 and a 200-day simple moving average of $1.85. GrowGeneration has a fifty-two week low of $1.35 and a fifty-two week high of $3.38.

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.