Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Drops By 21.8%

Posted by Jeff Wilder on Sep 16th, 2024

Where Food Comes From, Inc. (NASDAQ:WFCF – Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 13,300 shares, a decline of 21.8% from the August 15th total of 17,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average trading volume of 3,700 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Trading of Where Food Comes From

An institutional investor recently raised its position in Where Food Comes From stock. Bard Associates Inc. raised its stake in Where Food Comes From, Inc. (NASDAQ:WFCF – Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 45,150 shares of the company’s stock after purchasing an additional 1,535 shares during the period. Bard Associates Inc. owned 0.81% of Where Food Comes From worth $612,000 as of its most recent SEC filing. Institutional investors and hedge funds own 18.84% of the company’s stock.

Where Food Comes From Stock Performance

Shares of WFCF opened at $10.89 on Tuesday. Where Food Comes From has a one year low of $9.76 and a one year high of $14.42. The stock has a 50-day moving average price of $11.04 and a 200 day moving average price of $11.56. The company has a market capitalization of $58.54 million, a P/E ratio of 27.92 and a beta of 0.52.

Where Food Comes From (NASDAQ:WFCF – Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.09 earnings per share (EPS) for the quarter. Where Food Comes From had a return on equity of 21.08% and a net margin of 8.42%. The company had revenue of $6.40 million for the quarter.

About Where Food Comes From

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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.