Where Food Comes From Inc. (NASDAQ:WFCF) Shares Shorted: Short Interest Up 109.7% in October

Where Food Comes From Inc. (NASDAQ:WFCF) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 21,983 shares, an increase of 109.7% from the September 30th total of 10,482 shares. Based on an average daily volume of 195,012 shares, the short-interest ratio is presently 0.1 days. Approximately 0.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Where Food Comes From from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, September 24th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Institutional Trading of Where Food Comes From

An institutional investor recently bought a new position in Where Food Comes From stock. Western Wealth Management LLC purchased a new stake in Where Food Comes From Inc. (NASDAQ:WFCF) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,215 shares of the company’s stock, valued at approximately $29,000. Hedge funds and other institutional investors own 18.84% of the company’s stock.

Where Food Comes From Stock Down 1.3%

Shares of NASDAQ WFCF opened at $16.21 on Friday. The company has a market capitalization of $80.73 million, a PE ratio of 58.68 and a beta of 0.15. The stock’s 50 day moving average price is $13.45 and its 200-day moving average price is $12.55. Where Food Comes From has a twelve month low of $9.15 and a twelve month high of $22.15.

Where Food Comes From (NASDAQ:WFCF) last announced its earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. Where Food Comes From had a return on equity of 15.39% and a net margin of 5.78%. The firm had revenue of $6.61 million during the quarter, compared to analyst estimates of $4.90 million.

Where Food Comes From Company Profile

Where Food Comes From, Inc provides verification, certification, and traceability services for the agricultural and food industries. The company helps producers, processors, retailers, and food brands substantiate claims about how products are raised, grown, sourced, and handled throughout the supply chain.

Its services include source and origin verification, sustainability and production-practice audits, animal welfare assessments, organic and non-GMO certification support, and supply-chain data and traceability solutions.