Farmer Bros. Co. (NASDAQ:FARM) Short Interest Down 74.6% in February

Farmer Bros. Co. (NASDAQ:FARM - Get Free Report) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 155,600 shares, a drop of 74.6% from the February 13th total of 612,400 shares. Currently, 1.0% of the company's shares are sold short. Based on an average trading volume of 692,800 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Farmer Bros.

A number of large investors have recently made changes to their positions in the business. Squarepoint Ops LLC grew its position in shares of Farmer Bros. by 67.1% in the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company's stock worth $125,000 after buying an additional 27,805 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Farmer Bros. in the 4th quarter valued at approximately $69,000. Jane Street Group LLC purchased a new position in shares of Farmer Bros. in the 4th quarter valued at approximately $29,000. Penn Capital Management Company LLC lifted its stake in shares of Farmer Bros. by 28.6% in the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company's stock valued at $2,390,000 after purchasing an additional 295,280 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Farmer Bros. in the 4th quarter valued at approximately $36,000. 64.48% of the stock is currently owned by institutional investors.

Farmer Bros. Trading Up 2.7 %

FARM traded up $0.06 on Monday, hitting $2.28. 208,110 shares of the company were exchanged, compared to its average volume of 231,388. The firm has a fifty day simple moving average of $2.13 and a two-hundred day simple moving average of $2.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. Farmer Bros. has a 12 month low of $1.60 and a 12 month high of $3.76. The stock has a market capitalization of $48.69 million, a PE ratio of -4.75 and a beta of 1.77.

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Farmer Bros. (NASDAQ:FARM - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, topping analysts' consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. Sell-side analysts expect that Farmer Bros. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Farmer Bros. in a research report on Thursday. They set a "hold" rating on the stock.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.