Where Food Comes From Inc. (NASDAQ:WFCF) Sees Large Increase in Short Interest

Where Food Comes From Inc. (NASDAQ:WFCF) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 21,983 shares, an increase of 109.7% from the September 30th total of 10,482 shares. Based on an average daily volume of 195,012 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Where Food Comes From from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Where Food Comes From Price Performance

Shares of WFCF traded down $0.22 during trading hours on Friday, hitting $16.21. 5,294 shares of the company were exchanged, compared to its average volume of 21,634. The company has a market capitalization of $80.73 million, a PE ratio of 57.89 and a beta of 0.15. The firm has a fifty day simple moving average of $13.45 and a 200-day simple moving average of $12.55. Where Food Comes From has a one year low of $9.15 and a one year high of $22.15.

Where Food Comes From (NASDAQ:WFCF) last announced its earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The company had revenue of $6.61 million for the quarter, compared to analyst estimates of $4.90 million. Where Food Comes From had a return on equity of 15.39% and a net margin of 5.78%.

Institutional Trading of Where Food Comes From

An institutional investor recently bought a new position in Where Food Comes From stock. Western Wealth Management LLC bought a new position in Where Food Comes From Inc. (NASDAQ:WFCF) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,215 shares of the company’s stock, valued at approximately $29,000. 18.84% of the stock is owned by institutional investors.

Where Food Comes From Company Profile

Where Food Comes From, Inc provides verification, certification, and traceability services for the agricultural and food industries. The company helps producers, processors, retailers, and food brands substantiate claims about how products are raised, grown, sourced, and handled throughout the supply chain.

Its services include source and origin verification, sustainability and production-practice audits, animal welfare assessments, organic and non-GMO certification support, and supply-chain data and traceability solutions.