Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Drops By 21.8%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 13,300 shares, a decline of 21.8% from the August 15th total of 17,000 shares. Based on an average daily trading volume, of 3,700 shares, the days-to-cover ratio is currently 3.6 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. lifted its position in Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,150 shares of the company’s stock after purchasing an additional 1,535 shares during the quarter. Bard Associates Inc. owned 0.81% of Where Food Comes From worth $612,000 at the end of the most recent reporting period. 18.84% of the stock is currently owned by institutional investors and hedge funds.

Where Food Comes From Trading Up 0.6 %

NASDAQ:WFCF opened at $10.97 on Monday. The firm has a market capitalization of $58.80 million, a PE ratio of 28.13 and a beta of 0.52. Where Food Comes From has a 1 year low of $9.76 and a 1 year high of $14.77. The firm’s fifty day simple moving average is $11.02 and its 200 day simple moving average is $11.59.

Where Food Comes From (NASDAQ:WFCF) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.09 earnings per share for the quarter. Where Food Comes From had a return on equity of 21.08% and a net margin of 8.42%. The business had revenue of $6.40 million during the quarter.

Where Food Comes From Company Profile

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.