Short Interest in S&W Seed (NASDAQ:SANW) Declines By 25.9%

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S&W Seed (NASDAQ:SANW) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 80,200 shares, a drop of 25.9% from the December 15th total of 108,200 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is currently 4.1 days. Approximately 0.3% of the shares of the company are short sold.

SANW stock opened at $2.15 on Tuesday. The firm has a market cap of $71.61 million, a PE ratio of 5.50 and a beta of 0.37. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.43 and a current ratio of 2.16. The firm’s fifty day moving average is $2.21 and its 200 day moving average is $2.45. S&W Seed has a one year low of $1.91 and a one year high of $3.20.

S&W Seed (NASDAQ:SANW) last released its quarterly earnings results on Wednesday, November 13th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The company had revenue of $12.27 million for the quarter, compared to analyst estimates of $9.65 million. S&W Seed had a negative net margin of 14.86% and a positive return on equity of 6.67%. Research analysts predict that S&W Seed will post -0.46 earnings per share for the current fiscal year.

An institutional investor recently raised its position in S&W Seed stock. Fairpointe Capital LLC raised its stake in shares of S&W Seed (NASDAQ:SANW) by 14.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 407,048 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Fairpointe Capital LLC owned 1.22% of S&W Seed worth $969,000 at the end of the most recent quarter. 76.25% of the stock is owned by hedge funds and other institutional investors.

Several analysts recently commented on the stock. ValuEngine lowered shares of S&W Seed from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research lowered shares of S&W Seed from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 23rd. Finally, B. Riley dropped their price target on shares of S&W Seed from $4.80 to $4.60 and set a “buy” rating on the stock in a research report on Thursday, September 19th.

S&W Seed Company Profile

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.

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