Village Farms International, Inc. (NASDAQ:VFF) Sees Significant Growth in Short Interest

Village Farms International, Inc. (NASDAQ:VFF) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 2,220,000 shares, a growth of 53.1% from the March 31st total of 1,450,000 shares. Based on an average trading volume of 893,600 shares, the short-interest ratio is currently 2.5 days.

Hedge Funds Weigh In On Village Farms International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its position in Village Farms International by 94.4% during the fourth quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock worth $28,000 after acquiring an additional 18,000 shares during the last quarter. Sustainable Insight Capital Management LLC raised its position in Village Farms International by 32.9% during the third quarter. Sustainable Insight Capital Management LLC now owns 93,300 shares of the company’s stock worth $74,000 after acquiring an additional 23,100 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Village Farms International by 693.5% during the third quarter. Commonwealth Equity Services LLC now owns 100,690 shares of the company’s stock worth $80,000 after acquiring an additional 88,000 shares during the last quarter. Formidable Asset Management LLC raised its position in Village Farms International by 96.4% during the third quarter. Formidable Asset Management LLC now owns 151,615 shares of the company’s stock worth $121,000 after acquiring an additional 74,408 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC raised its position in Village Farms International by 7.7% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock worth $415,000 after acquiring an additional 39,045 shares during the last quarter. Institutional investors and hedge funds own 12.15% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum raised their target price on shares of Village Farms International from $1.00 to $1.20 and gave the stock a “buy” rating in a research note on Thursday, March 14th.

Village Farms International Stock Up 6.7 %

Shares of NASDAQ VFF opened at $1.36 on Friday. The company has a quick ratio of 1.02, a current ratio of 2.10 and a debt-to-equity ratio of 0.13. Village Farms International has a 52 week low of $0.55 and a 52 week high of $1.57. The firm has a 50-day moving average price of $1.05 and a 200 day moving average price of $0.88. The stock has a market capitalization of $149.39 million, a price-to-earnings ratio of -4.84 and a beta of 2.44.

Village Farms International (NASDAQ:VFF) last announced its quarterly earnings data on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.06). Village Farms International had a negative net margin of 11.13% and a negative return on equity of 5.58%. The company had revenue of $74.23 million during the quarter, compared to analyst estimates of $70.03 million. Equities research analysts anticipate that Village Farms International will post -0.06 EPS for the current fiscal year.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.