Where Food Comes From, Inc. (NASDAQ:WFCF) Short Interest Down 17.5% in March

Where Food Comes From, Inc. (NASDAQ:WFCFGet Free Report) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 16,500 shares, a decline of 17.5% from the February 29th total of 20,000 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 2,800 shares, the days-to-cover ratio is currently 5.9 days.

Institutional Trading of Where Food Comes From

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Where Food Comes From by 41.6% in the fourth quarter. Vanguard Group Inc. now owns 156,260 shares of the company’s stock valued at $2,117,000 after buying an additional 45,868 shares during the period. Northern Trust Corp purchased a new position in shares of Where Food Comes From in the fourth quarter valued at $142,000. Bard Associates Inc. grew its position in shares of Where Food Comes From by 3.5% in the fourth quarter. Bard Associates Inc. now owns 45,150 shares of the company’s stock valued at $612,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Where Food Comes From by 39.8% in the fourth quarter. Geode Capital Management LLC now owns 16,868 shares of the company’s stock valued at $235,000 after purchasing an additional 4,802 shares in the last quarter. 18.84% of the stock is currently owned by institutional investors.

Where Food Comes From Price Performance

Shares of WFCF opened at $10.52 on Monday. The firm has a market cap of $57.65 million, a PE ratio of 27.68 and a beta of 0.66. The stock’s fifty day moving average price is $12.75 and its two-hundred day moving average price is $13.32. Where Food Comes From has a 1 year low of $10.01 and a 1 year high of $14.77.

Where Food Comes From (NASDAQ:WFCFGet Free Report) last issued its earnings results on Thursday, February 15th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $6.73 million for the quarter. Where Food Comes From had a return on equity of 19.40% and a net margin of 8.56%.

About Where Food Comes From

(Get Free Report)

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.

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