Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Declines By 22.6%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 12,700 shares, a decline of 22.6% from the May 31st total of 16,400 shares. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 4.4 days. Currently, 0.5% of the company’s shares are sold short.

Where Food Comes From Trading Up 2.8 %

Shares of NASDAQ:WFCF traded up $0.33 during trading on Friday, reaching $12.11. The stock had a trading volume of 3,120 shares, compared to its average volume of 2,438. The firm’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $12.57. Where Food Comes From has a one year low of $10.00 and a one year high of $14.77. The company has a market capitalization of $65.15 million, a P/E ratio of 31.05 and a beta of 0.51.

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter. Where Food Comes From had a net margin of 8.68% and a return on equity of 20.76%. The business had revenue of $5.58 million for the quarter.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. boosted its position in shares of Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 45,150 shares of the company’s stock after acquiring an additional 1,535 shares during the quarter. Bard Associates Inc. owned about 0.81% of Where Food Comes From worth $612,000 at the end of the most recent reporting period. 18.84% of the stock is owned by institutional investors.

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.