Planet Green Holdings Corp. (NASDAQ:PLAG) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 157,289 shares, an increase of 3,524.2% from the October 15th total of 4,340 shares. Based on an average daily volume of 2,469,492 shares, the short-interest ratio is presently 0.1 days.
Planet Green stock opened at $4.75 on Friday. Planet Green has a 12-month low of $1.85 and a 12-month high of $11.51.
In other news, CEO Hongxiang Yu acquired 1,176,471 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The stock was purchased at an average cost of $4.25 per share, for a total transaction of $5,000,001.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
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Planet Green Holdings Corp., through its subsidiaries, develops, manufactures, markets, and sells various food products in the People's Republic of China. The company offers chestnut products, including frozen chestnuts; and convenience foods, such as ready-to-cook and ready-to-eat food products.
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