Seneca Foods Co. (NASDAQ:SENEA) Short Interest Down 17.4% in March


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Seneca Foods Co. (NASDAQ:SENEA) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 59,500 shares, a drop of 17.4% from the March 15th total of 72,000 shares. Based on an average daily volume of 44,500 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the company’s stock are short sold.

Shares of SENEA opened at $49.16 on Tuesday. The firm has a 50-day moving average of $53.08 and a 200-day moving average of $44.45. Seneca Foods has a one year low of $30.17 and a one year high of $62.37. The company has a market cap of $445.78 million, a PE ratio of 5.33 and a beta of 0.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.88 and a quick ratio of 0.43.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Wednesday, February 3rd. The company reported $7.90 EPS for the quarter. Seneca Foods had a net margin of 6.19% and a return on equity of 20.19%. The company had revenue of $484.39 million during the quarter.

Several hedge funds have recently made changes to their positions in SENEA. Wells Fargo & Company MN boosted its holdings in shares of Seneca Foods by 27.2% during the 3rd quarter. Wells Fargo & Company MN now owns 21,561 shares of the company’s stock worth $771,000 after buying an additional 4,611 shares during the period. Guggenheim Capital LLC bought a new stake in shares of Seneca Foods during the 3rd quarter worth about $226,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Seneca Foods by 0.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 55,476 shares of the company’s stock worth $1,983,000 after buying an additional 413 shares during the period. AQR Capital Management LLC bought a new stake in shares of Seneca Foods during the 3rd quarter worth about $2,777,000. Finally, Matarin Capital Management LLC acquired a new stake in Seneca Foods in the 3rd quarter worth about $402,000. 57.61% of the stock is owned by institutional investors and hedge funds.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, Paradise, Seneca Farms, and CherryMan.

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