Where Food Comes From Inc. (NASDAQ:WFCF) Sees Large Increase in Short Interest

Where Food Comes From Inc. (NASDAQ:WFCF) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totaling 9,003 shares, an increase of 27.7% from the March 15th total of 7,049 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 2,518 shares, the days-to-cover ratio is presently 3.6 days.

Institutional Investors Weigh In On Where Food Comes From

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Where Food Comes From by 3.2% in the third quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after buying an additional 5,017 shares during the period. Aristides Capital LLC lifted its stake in Where Food Comes From by 4.2% during the fourth quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock worth $374,000 after purchasing an additional 1,300 shares during the period. Finally, Cetera Investment Advisers bought a new position in Where Food Comes From during the fourth quarter worth about $152,000. Institutional investors own 18.84% of the company’s stock.

Where Food Comes From Stock Performance

NASDAQ WFCF opened at $12.32 on Friday. The firm has a 50-day simple moving average of $12.26 and a 200 day simple moving average of $12.16. Where Food Comes From has a twelve month low of $9.26 and a twelve month high of $13.78. The stock has a market cap of $62.24 million, a PE ratio of 41.08 and a beta of 0.19.

Where Food Comes From (NASDAQ:WFCF) last released its earnings results on Thursday, February 26th. The company reported ($0.04) earnings per share for the quarter. Where Food Comes From had a net margin of 6.17% and a return on equity of 15.69%. The company had revenue of $6.04 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Where Food Comes From in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Where Food Comes From presently has a consensus rating of “Hold”.

About Where Food Comes From

Where Food Comes From, Inc (NASDAQ: WFCF) is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.

The company’s core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.