John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Sees Significant Increase in Short Interest

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 166,200 shares, an increase of 13.8% from the November 30th total of 146,000 shares. Based on an average daily volume of 74,100 shares, the short-interest ratio is currently 2.2 days. Currently, 1.9% of the shares of the stock are sold short.

John B. Sanfilippo & Son Price Performance

JBSS stock traded up $1.26 during midday trading on Wednesday, reaching $87.11. The stock had a trading volume of 86,237 shares, compared to its average volume of 67,775. John B. Sanfilippo & Son has a 52-week low of $79.07 and a 52-week high of $108.96. The company has a current ratio of 2.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. The company's fifty day simple moving average is $86.55 and its 200 day simple moving average is $92.96. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 18.73 and a beta of 0.13.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Hedge funds and other institutional investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company grew its stake in John B. Sanfilippo & Son by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,371 shares of the company's stock valued at $328,000 after acquiring an additional 111 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of John B. Sanfilippo & Son by 8.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,778 shares of the company's stock valued at $270,000 after purchasing an additional 221 shares in the last quarter. Inspire Investing LLC increased its holdings in shares of John B. Sanfilippo & Son by 7.4% in the second quarter. Inspire Investing LLC now owns 3,609 shares of the company's stock valued at $351,000 after purchasing an additional 248 shares during the last quarter. nVerses Capital LLC purchased a new position in John B. Sanfilippo & Son during the second quarter worth approximately $29,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in John B. Sanfilippo & Son during the third quarter worth $33,000. 70.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded John B. Sanfilippo & Son from a "buy" rating to a "hold" rating in a research report on Monday, November 4th.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.