John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Down 12.3% in December

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 145,800 shares, a decrease of 12.3% from the December 15th total of 166,200 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 79,700 shares, the short-interest ratio is currently 1.8 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Monday, November 4th.

John B. Sanfilippo & Son Stock Performance

JBSS stock traded down $0.59 during mid-day trading on Friday, reaching $89.43. 58,456 shares of the stock traded hands, compared to its average volume of 108,126. The company has a quick ratio of 0.66, a current ratio of 2.06 and a debt-to-equity ratio of 0.02. John B. Sanfilippo & Son has a 52 week low of $79.07 and a 52 week high of $108.96. The business has a 50-day moving average of $86.37 and a two-hundred day moving average of $92.17. The firm has a market capitalization of $1.04 billion, a PE ratio of 19.23 and a beta of 0.14.

Institutional Investors Weigh In On John B. Sanfilippo & Son

A number of hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of John B. Sanfilippo & Son during the third quarter valued at about $33,000. Copeland Capital Management LLC acquired a new position in John B. Sanfilippo & Son in the third quarter worth about $39,000. nVerses Capital LLC raised its position in John B. Sanfilippo & Son by 133.3% in the third quarter. nVerses Capital LLC now owns 700 shares of the company’s stock worth $66,000 after purchasing an additional 400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in John B. Sanfilippo & Son in the third quarter worth about $66,000. Finally, Intech Investment Management LLC acquired a new position in John B. Sanfilippo & Son in the second quarter worth about $212,000. 70.64% of the stock is currently owned by institutional investors.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc engages in selling nuts and nut-related products. It offers dried fruit-based products that are sold under, Fisher Nuts, Orchard Valley Harvest, Southern Style Nuts, and Squirrel Brand. The company was founded by Gaspare Sanfilippo and John B. Sanfilippo in 1922 and is headquartered in Elgin, IL.