Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Drops By 15.2%

Where Food Comes From, Inc. (NASDAQ:WFCF - Get Free Report) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 12,800 shares, a drop of 15.2% from the December 31st total of 15,100 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 4,500 shares, the short-interest ratio is currently 2.8 days.

Institutional Investors Weigh In On Where Food Comes From

A number of hedge funds have recently made changes to their positions in the business. Sanctuary Advisors LLC purchased a new position in Where Food Comes From in the 3rd quarter worth $2,223,000. Bard Associates Inc. grew its stake in shares of Where Food Comes From by 22.6% during the third quarter. Bard Associates Inc. now owns 60,221 shares of the company's stock valued at $649,000 after buying an additional 11,106 shares during the last quarter. DGS Capital Management LLC purchased a new position in shares of Where Food Comes From in the fourth quarter worth about $147,000. Finally, Geode Capital Management LLC lifted its stake in shares of Where Food Comes From by 23.8% in the 3rd quarter. Geode Capital Management LLC now owns 25,955 shares of the company's stock valued at $280,000 after acquiring an additional 4,984 shares during the last quarter. 18.84% of the stock is currently owned by institutional investors.

Where Food Comes From Price Performance

WFCF stock traded down $0.33 during mid-day trading on Tuesday, hitting $12.20. 9,896 shares of the stock were exchanged, compared to its average volume of 3,441. The business has a fifty day moving average price of $12.60 and a 200 day moving average price of $11.63. Where Food Comes From has a 12 month low of $9.76 and a 12 month high of $13.90. The stock has a market capitalization of $64.42 million, a price-to-earnings ratio of 34.86 and a beta of 0.55.

Where Food Comes From (NASDAQ:WFCF - Get Free Report) last released its earnings results on Tuesday, November 12th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $7.11 million during the quarter. Where Food Comes From had a return on equity of 19.58% and a net margin of 7.50%.

Where Food Comes From Company Profile

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.