Farmer Bros. Co. (NASDAQ:FARM) Short Interest Up 650.5% in February

Farmer Bros. Co. (NASDAQ:FARM - Get Free Report) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 612,400 shares, an increase of 650.5% from the January 31st total of 81,600 shares. Based on an average daily volume of 660,300 shares, the short-interest ratio is currently 0.9 days. Approximately 3.6% of the company's stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Farmer Bros. in a report on Tuesday, February 25th. They issued a "hold" rating for the company.

Institutional Investors Weigh In On Farmer Bros.

Institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC grew its position in Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company's stock valued at $125,000 after purchasing an additional 27,805 shares during the last quarter. Millennium Management LLC bought a new position in shares of Farmer Bros. in the fourth quarter worth approximately $69,000. Jane Street Group LLC purchased a new stake in shares of Farmer Bros. during the fourth quarter valued at approximately $29,000. Penn Capital Management Company LLC increased its position in shares of Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company's stock valued at $2,390,000 after acquiring an additional 295,280 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Farmer Bros. during the fourth quarter valued at approximately $36,000. 64.48% of the stock is owned by hedge funds and other institutional investors.

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Farmer Bros. Stock Down 5.0 %

FARM traded down $0.15 during midday trading on Monday, reaching $2.86. The company's stock had a trading volume of 486,708 shares, compared to its average volume of 1,042,350. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.86. The stock's 50-day moving average is $2.01 and its 200-day moving average is $2.10. The firm has a market capitalization of $61.07 million, a price-to-earnings ratio of -5.96 and a beta of 1.78. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.06 EPS 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%. As a group, research analysts expect that Farmer Bros. will post -0.37 EPS for the current year.

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.