AgroFresh Solutions Inc (NASDAQ:AGFS) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 1,120,000 shares, a decrease of 25.8% from the September 15th total of 1,510,000 shares. Based on an average daily volume of 77,300 shares, the short-interest ratio is currently 14.5 days. Currently, 2.8% of the company’s shares are short sold.

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC lifted its position in shares of AgroFresh Solutions by 50.9% during the second quarter. Private Advisor Group LLC now owns 34,364 shares of the basic materials company’s stock valued at $104,000 after buying an additional 11,593 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of AgroFresh Solutions during the second quarter valued at about $72,000. Goldman Sachs Group Inc. purchased a new stake in shares of AgroFresh Solutions during the second quarter valued at about $363,000. WINTON GROUP Ltd lifted its position in shares of AgroFresh Solutions by 63.8% during the second quarter. WINTON GROUP Ltd now owns 96,709 shares of the basic materials company’s stock valued at $293,000 after buying an additional 37,672 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in shares of AgroFresh Solutions in the 2nd quarter valued at approximately $98,000. 74.08% of the stock is owned by institutional investors.

NASDAQ:AGFS opened at $2.35 on Friday. AgroFresh Solutions has a 1-year low of $1.00 and a 1-year high of $4.20. The company has a 50-day moving average of $2.56 and a 200 day moving average of $2.49. The firm has a market cap of $124.26 million, a PE ratio of -2.47 and a beta of 0.97. The company has a debt-to-equity ratio of 1.30, a current ratio of 2.52 and a quick ratio of 1.97.

AgroFresh Solutions (NASDAQ:AGFS) last released its quarterly earnings data on Monday, August 10th. The basic materials company reported ($0.33) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.38) by $0.05. AgroFresh Solutions had a negative net margin of 28.32% and a negative return on equity of 2.60%. The company had revenue of $19.98 million during the quarter, compared to analyst estimates of $20.79 million. Sell-side analysts anticipate that AgroFresh Solutions will post -0.32 EPS for the current fiscal year.

A number of research firms have recently commented on AGFS. Zacks Investment Research upgraded shares of AgroFresh Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, October 13th. ValuEngine cut shares of AgroFresh Solutions from a “buy” rating to a “hold” rating in a report on Thursday, July 2nd.

AgroFresh Solutions Company Profile

AgroFresh Solutions, Inc provides data-driven solutions worldwide. The company uses 1-Methylcyclopropene technology, an ethylene action inhibitor to maintain freshness and extend the shelf life of various fresh produce. Its solutions enable growers and packers of fresh produce to preserve and enhance the freshness, quality, and value of fresh produce, including apples, pears, kiwifruit, plums, persimmons avocados, and bananas, as well as flowers.

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