GROWLIFE INCORPORATED (OTCMKTS:PHOT) Shorts Decreased by 64.3% After Short Covering – Consumer Eagle

The stock of GROWLIFE INCORPORATED (OTCMKTS:PHOT) registered a decrease of 64.3% in short interest. PHOT’s total short interest was 25,600 shares in August as published by FINRA. Its down 64.3% from 71,700 shares, reported previously. The stock increased 3.81% or $0.0004 on July 29, hitting $0.0109. About 21.81 million shares traded hands or 426.81% up from the average. Growlife Inc (OTCMKTS:PHOT) has risen 6.00% since July 2, 2016 and is uptrending. It has outperformed by 0.70% the S&P500.

GrowLife, Inc. provides goods, including media (farming soil), hydroponics equipment, organic plant nutrients, and various other products to specialty grow activities across the United States. The company has a market cap of $12.16 million. The Firm primarily sells through its subsidiary, GrowLife Hydroponics, Inc. It currently has negative earnings. In addition to the promotion and sales of GrowLife owned brands, GrowLife distributes and sells over 3,000 products through its e-commerce distribution channel, Greners.com, and through its regional retail storefronts.

The institutional sentiment increased to 2 in Q1 2016. Its up 1.67, from 0.33 in 2015Q4. The ratio increased, as 1 funds sold all Growlife Inc shares owned while 0 reduced positions. 2 funds bought stakes while 0 increased positions. They now own 98,720 shares or 49.08% more from 66,220 shares in 2015Q4.

Bahl & Gaynor Inc holds 0% of its portfolio in Growlife Inc for 27,500 shares. Franklin Street Advisors Inc Nc owns 15,000 shares or 0% of their US portfolio. Moreover, Geneva Advisors Llc has 0% invested in the company for 20,000 shares. The Tennessee-based Green Square Capital Llc has invested 0% in the stock. Lenox Wealth Management Inc., a Ohio-based fund reported 750 shares.

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