Lifeway Foods, Inc. (NASDAQ:LWAY) Sees Large Increase in Short Interest

Lifeway Foods, Inc. (NASDAQ:LWAYGet Free Report) was the target of a large growth in short interest in April. As of April 30th, there was short interest totalling 224,400 shares, a growth of 36.2% from the April 15th total of 164,800 shares. Based on an average trading volume of 128,500 shares, the days-to-cover ratio is currently 1.7 days. Currently, 4.9% of the company’s stock are short sold.

Lifeway Foods Price Performance

NASDAQ LWAY opened at $24.47 on Wednesday. The company has a current ratio of 2.30, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. Lifeway Foods has a 12 month low of $5.75 and a 12 month high of $28.61. The stock has a market cap of $359.46 million, a price-to-earnings ratio of 32.20 and a beta of 1.31. The company’s 50 day moving average is $18.90 and its two-hundred day moving average is $15.00.

Lifeway Foods (NASDAQ:LWAYGet Free Report) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.21 by $0.05. Lifeway Foods had a net margin of 7.10% and a return on equity of 20.92%. The firm had revenue of $42.09 million for the quarter, compared to the consensus estimate of $40.00 million. As a group, research analysts anticipate that Lifeway Foods will post 1 earnings per share for the current year.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $12.87, for a total value of $167,310.00. Following the completion of the sale, the insider now owns 1,359,386 shares of the company’s stock, valued at approximately $17,495,297.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Ludmila Smolyansky sold 13,000 shares of Lifeway Foods stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $12.87, for a total value of $167,310.00. Following the completion of the sale, the insider now directly owns 1,359,386 shares in the company, valued at $17,495,297.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julie Smolyansky sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $17.23, for a total transaction of $172,300.00. Following the transaction, the chief executive officer now directly owns 2,117,081 shares of the company’s stock, valued at $36,477,305.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 138,734 shares of company stock valued at $2,518,940. 31.77% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EAM Investors LLC purchased a new position in shares of Lifeway Foods in the third quarter worth $1,353,000. Denali Advisors LLC boosted its holdings in shares of Lifeway Foods by 62.5% during the 4th quarter. Denali Advisors LLC now owns 14,300 shares of the company’s stock valued at $192,000 after purchasing an additional 5,500 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Lifeway Foods during the 3rd quarter valued at about $143,000. Bailard Inc. purchased a new position in shares of Lifeway Foods during the fourth quarter valued at about $187,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Lifeway Foods by 656.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the company’s stock worth $67,000 after purchasing an additional 4,348 shares during the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LWAY has been the subject of a number of research reports. Lake Street Capital started coverage on shares of Lifeway Foods in a report on Friday, April 5th. They set a “buy” rating and a $25.00 target price for the company. StockNews.com lowered Lifeway Foods from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Noble Financial reiterated a “market perform” rating on shares of Lifeway Foods in a research report on Wednesday, March 27th.

View Our Latest Report on Lifeway Foods

Lifeway Foods Company Profile

(Get Free Report)

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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