Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Large Increase in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 270 shares, an increase of 167.3% from the June 30th total of 101 shares. Based on an average daily trading volume, of 44,788 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Armanino Foods of Distinction Trading Up 0.2%

Shares of AMNF stock opened at $10.40 on Tuesday. The firm has a fifty day simple moving average of $10.30 and a two-hundred day simple moving average of $10.71. Armanino Foods of Distinction has a 12 month low of $7.98 and a 12 month high of $12.25. The firm has a market capitalization of $318.66 million, a PE ratio of 16.77 and a beta of 0.08.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Armanino Foods of Distinction has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.