RiceBran Technologies (NASDAQ:RIBT) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 275,300 shares, a decrease of 13.2% from the August 30th total of 317,000 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily volume of 69,300 shares, the short-interest ratio is presently 4.0 days.

RIBT stock traded up $0.08 during mid-day trading on Tuesday, reaching $2.71. The company’s stock had a trading volume of 7,300 shares, compared to its average volume of 67,033. The business’s 50 day moving average price is $2.64 and its 200 day moving average price is $2.86. The company has a current ratio of 2.20, a quick ratio of 2.01 and a debt-to-equity ratio of 0.10. RiceBran Technologies has a 12 month low of $2.16 and a 12 month high of $3.87.

RiceBran Technologies (NASDAQ:RIBT) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.04). The business had revenue of $6.22 million for the quarter. RiceBran Technologies had a negative return on equity of 39.12% and a negative net margin of 52.99%.

In other news, major shareholder Grain Co Continental purchased 13,900 shares of the business’s stock in a transaction on Monday, August 19th. The shares were acquired at an average price of $2.59 per share, with a total value of $36,001.00. Following the completion of the transaction, the insider now owns 7,283,046 shares of the company’s stock, valued at approximately $18,863,089.14. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Baruch Halpern sold 11,289 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $2.65, for a total value of $29,915.85. Following the sale, the director now owns 193,231 shares of the company’s stock, valued at $512,062.15. The disclosure for this sale can be found here. In the last three months, insiders purchased 79,962 shares of company stock valued at $211,912. 8.69% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in RIBT. Continental Grain Co. boosted its stake in RiceBran Technologies by 16.0% during the second quarter. Continental Grain Co. now owns 7,283,046 shares of the company’s stock worth $21,194,000 after acquiring an additional 1,003,344 shares in the last quarter. BlackRock Inc. raised its holdings in shares of RiceBran Technologies by 136.7% during the second quarter. BlackRock Inc. now owns 126,011 shares of the company’s stock valued at $367,000 after purchasing an additional 72,778 shares during the period. Vanguard Group Inc. boosted its position in shares of RiceBran Technologies by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 970,524 shares of the company’s stock worth $2,824,000 after purchasing an additional 27,112 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of RiceBran Technologies by 25.0% during the 2nd quarter. Wedbush Securities Inc. now owns 125,000 shares of the company’s stock worth $364,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of RiceBran Technologies during the 2nd quarter worth about $38,000. Institutional investors own 31.11% of the company’s stock.

Separately, ValuEngine raised RiceBran Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday.

RiceBran Technologies Company Profile

RiceBran Technologies processes and markets healthy, natural, and nutrient dense products derived from raw rice bran. The company manufactures and distributes stabilized rice bran (SRB) in various granulations with other products and derivatives. It offers RiBalance, a rice bran nutritional package derived from further processing of SRB; RiSolubles, a nutritious carbohydrate and lipid rich fraction of RiBalance; RiFiber, a protein and fiber rich derivative of RiBalance; and protein and protein/fiber blends under the ProRyza brand.

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