Inventure Foods, Inc. (NASDAQ:SNAK) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 658,411 shares, a drop of 46.4% from the October 31st total of 1,228,192 shares. Based on an average daily trading volume, of 200,284 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.5% of the shares of the stock are sold short.

Inventure Foods (SNAK) opened at $4.00 on Friday. Inventure Foods has a 12 month low of $2.96 and a 12 month high of $10.15.

Inventure Foods (NASDAQ:SNAK) last released its earnings results on Tuesday, November 7th. The company reported ($0.24) earnings per share for the quarter. Inventure Foods had a negative return on equity of 162.36% and a negative net margin of 34.84%. The business had revenue of $27.43 million during the quarter, compared to analysts’ expectations of $52.10 million. During the same period last year, the business earned ($0.13) earnings per share. The company’s revenue for the quarter was down 4.1% compared to the same quarter last year. equities research analysts anticipate that Inventure Foods will post -0.13 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Inventure Foods from a “sell” rating to a “hold” rating in a research note on Friday. William Blair reaffirmed a “market perform” rating on shares of Inventure Foods in a research note on Wednesday, November 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Macquarie Group Ltd. purchased a new position in Inventure Foods in the 3rd quarter worth approximately $104,000. KCG Holdings Inc. lifted its stake in Inventure Foods by 116.3% in the 1st quarter. KCG Holdings Inc. now owns 26,093 shares of the company’s stock worth $115,000 after purchasing an additional 14,032 shares in the last quarter. PEAK6 Investments L.P. purchased a new position in Inventure Foods in the 3rd quarter worth approximately $180,000. NJ State Employees Deferred Compensation Plan purchased a new position in Inventure Foods in the 2nd quarter worth approximately $216,000. Finally, Trellus Management Company LLC purchased a new position in Inventure Foods in the 3rd quarter worth approximately $236,000. 69.32% of the stock is currently owned by institutional investors and hedge funds.

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Inventure Foods Company Profile

Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in the snack products segment. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers.

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