Green Plains Inc. (NASDAQ:GPRE) Short Interest Update

Green Plains Inc. (NASDAQ:GPRE - Get Free Report) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 6,500,000 shares, a drop of 8.2% from the September 15th total of 7,080,000 shares. Based on an average trading volume of 946,700 shares, the short-interest ratio is presently 6.9 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group reduced their price objective on shares of Green Plains from $26.00 to $23.50 and set a "buy" rating for the company in a research note on Monday, August 19th. Oppenheimer cut Green Plains from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 7th. BMO Capital Markets dropped their price target on Green Plains from $22.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, August 7th. Truist Financial reduced their price objective on shares of Green Plains from $25.00 to $18.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Craig Hallum dropped their target price on shares of Green Plains from $34.00 to $26.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.50.

Hedge Funds Weigh In On Green Plains

A number of large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new stake in Green Plains in the second quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Green Plains during the 2nd quarter worth approximately $41,000. nVerses Capital LLC purchased a new position in Green Plains during the 3rd quarter valued at $65,000. Crewe Advisors LLC bought a new position in Green Plains in the 1st quarter valued at $150,000. Finally, DRW Securities LLC purchased a new stake in Green Plains in the second quarter worth $168,000.

Green Plains Trading Up 5.5 %

GPRE traded up $0.64 on Wednesday, hitting $12.34. The company had a trading volume of 854,386 shares, compared to its average volume of 1,089,875. Green Plains has a 12-month low of $11.63 and a 12-month high of $31.92. The company has a quick ratio of 1.11, a current ratio of 1.68 and a debt-to-equity ratio of 0.55. The business's fifty day simple moving average is $13.38 and its 200 day simple moving average is $16.59. The company has a market cap of $797.40 million, a PE ratio of -10.03 and a beta of 1.52.

Green Plains (NASDAQ:GPRE - Get Free Report) last released its earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The business's revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.89) EPS. Equities research analysts expect that Green Plains will post -0.95 EPS for the current year.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.