Short Interest in The Andersons, Inc. (NASDAQ:ANDE) Expands By 11.2%

The Andersons, Inc. (NASDAQ:ANDE) was the target of a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 810,400 shares, an increase of 11.2% from the October 31st total of 728,600 shares. Currently, 2.5% of the shares of the company are short sold. Based on an average daily volume of 170,700 shares, the short-interest ratio is currently 4.7 days.

Andersons Trading Down 1.0 %

Andersons stock opened at $47.86 on Wednesday. Andersons has a 12-month low of $41.76 and a 12-month high of $61.46. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 13.67 and a beta of 0.57. The firm has a 50 day moving average of $48.03 and a 200 day moving average of $49.17. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36.

Andersons (NASDAQ:ANDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.37. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.90 billion. During the same period in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 27.9% compared to the same quarter last year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

Insiders Place Their Bets

In related news, insider Joseph E. Mcneely sold 2,382 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $47.73, for a total transaction of $113,692.86. Following the completion of the sale, the insider now directly owns 49,601 shares in the company, valued at approximately $2,367,455.73. The trade was a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Andersons

Several large investors have recently made changes to their positions in ANDE. nVerses Capital LLC bought a new position in Andersons in the 2nd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Andersons during the 2nd quarter valued at about $57,000. EverSource Wealth Advisors LLC increased its holdings in shares of Andersons by 323.4% in the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 828 shares during the last quarter. Truvestments Capital LLC bought a new position in Andersons during the third quarter valued at approximately $98,000. Finally, Inspire Advisors LLC purchased a new position in Andersons during the 2nd quarter valued at approximately $202,000. 87.06% of the stock is currently owned by hedge funds and other institutional investors.

Andersons Company Profile

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.