Limoneira (NASDAQ:LMNR) Sees Large Increase in Short Interest

Limoneira (NASDAQ:LMNR - Get Free Report) saw a large increase in short interest in February. As of February 15th, there was short interest totalling 257,400 shares, an increase of 25.3% from the January 31st total of 205,400 shares. Approximately 1.7% of the company's stock are sold short. Based on an average daily trading volume, of 55,000 shares, the days-to-cover ratio is currently 4.7 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Limoneira from a "hold" rating to a "sell" rating in a report on Tuesday, February 4th.

Limoneira Stock Up 0.8 %

Shares of LMNR traded up $0.18 during midday trading on Friday, reaching $21.89. The stock had a trading volume of 23,514 shares, compared to its average volume of 50,405. Limoneira has a 1-year low of $18.30 and a 1-year high of $29.22. The company's fifty day simple moving average is $23.03 and its two-hundred day simple moving average is $25.20. The company has a market cap of $395.01 million, a price-to-earnings ratio of 57.61 and a beta of 0.46. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.74 and a quick ratio of 0.69.

Limoneira Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.075 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. Limoneira's payout ratio is 78.95%.

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Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its position in shares of Limoneira by 14.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,486 shares of the company's stock valued at $92,000 after buying an additional 436 shares during the last quarter. Invesco Ltd. grew its position in Limoneira by 2.0% during the 4th quarter. Invesco Ltd. now owns 25,547 shares of the company's stock worth $625,000 after purchasing an additional 500 shares during the last quarter. Inspire Investing LLC grew its position in Limoneira by 3.9% during the 4th quarter. Inspire Investing LLC now owns 16,279 shares of the company's stock worth $398,000 after purchasing an additional 617 shares during the last quarter. Van ECK Associates Corp grew its position in Limoneira by 77.5% during the 4th quarter. Van ECK Associates Corp now owns 2,581 shares of the company's stock worth $63,000 after purchasing an additional 1,127 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Limoneira by 20.1% during the 4th quarter. SG Americas Securities LLC now owns 6,924 shares of the company's stock worth $169,000 after purchasing an additional 1,160 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Limoneira Company Profile

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.