S&W Seed (NASDAQ:SANW) Sees Significant Drop in Short Interest

S&W Seed (NASDAQ:SANW) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 36,100 shares, a decrease of 15.3% from the March 31st total of 42,600 shares. Based on an average daily trading volume, of 104,900 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On S&W Seed

A hedge fund recently raised its stake in S&W Seed stock. Wynnefield Capital Inc. lifted its stake in S&W Seed (NASDAQ:SANW) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,070,637 shares of the company’s stock after purchasing an additional 139,701 shares during the period. S&W Seed makes up 2.1% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 8th largest holding. Wynnefield Capital Inc. owned 9.46% of S&W Seed worth $4,559,000 as of its most recent filing with the Securities & Exchange Commission. 61.68% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of S&W Seed in a research report on Tuesday, April 23rd. They set a “sell” rating for the company.

S&W Seed Price Performance

SANW stock opened at $0.42 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.42 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $0.47 and its two-hundred day moving average is $0.56. The stock has a market cap of $17.98 million, a P/E ratio of 1.48 and a beta of 0.93. S&W Seed has a twelve month low of $0.37 and a twelve month high of $1.39.

S&W Seed (NASDAQ:SANW) last announced its earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $10.87 million during the quarter. S&W Seed had a net margin of 18.36% and a negative return on equity of 28.69%. Research analysts expect that S&W Seed will post -0.15 earnings per share for the current fiscal year.

S&W Seed Company Profile

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.