Where Food Comes From, Inc. (NASDAQ:WFCF) Sees Large Decline in Short Interest

Where Food Comes From, Inc. (NASDAQ:WFCF - Get Free Report) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 10,500 shares, a decline of 46.2% from the February 13th total of 19,500 shares. Based on an average trading volume of 3,800 shares, the short-interest ratio is currently 2.8 days. Approximately 0.4% of the shares of the company are sold short.

Where Food Comes From Stock Performance

Where Food Comes From stock traded up $0.14 during mid-day trading on Monday, reaching $11.72. 1,137 shares of the company were exchanged, compared to its average volume of 4,090. The firm's 50-day simple moving average is $12.16 and its two-hundred day simple moving average is $11.80. Where Food Comes From has a twelve month low of $9.76 and a twelve month high of $13.50. The firm has a market cap of $61.33 million, a PE ratio of 30.05 and a beta of 0.41.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.13 earnings per share for the quarter. Where Food Comes From had a return on equity of 19.31% and a net margin of 8.23%. The firm had revenue of $6.66 million during the quarter.

Institutional Trading of Where Food Comes From

Hedge funds have recently made changes to their positions in the company. DGS Capital Management LLC acquired a new stake in shares of Where Food Comes From in the 4th quarter valued at approximately $147,000. Northern Trust Corp acquired a new stake in Where Food Comes From in the fourth quarter valued at $197,000. Geode Capital Management LLC boosted its position in shares of Where Food Comes From by 23.8% during the 3rd quarter. Geode Capital Management LLC now owns 25,955 shares of the company's stock worth $280,000 after purchasing an additional 4,984 shares in the last quarter. Aristides Capital LLC grew its stake in shares of Where Food Comes From by 12.1% during the 4th quarter. Aristides Capital LLC now owns 31,251 shares of the company's stock worth $414,000 after purchasing an additional 3,370 shares during the period. Finally, Bard Associates Inc. increased its holdings in shares of Where Food Comes From by 22.6% in the 3rd quarter. Bard Associates Inc. now owns 60,221 shares of the company's stock valued at $649,000 after purchasing an additional 11,106 shares in the last quarter. Institutional investors and hedge funds own 18.84% of the company's stock.

Remove Ads

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.