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Diamond Foods (NASDAQ:DMND) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 4,194,759 shares, a drop of 21.3% from the April 30th total of 5,328,349 shares, Stock Ratings reports. Based on an average daily volume of 372,096 shares, the days-to-cover ratio is presently 11.3 days. Currently, 16.1% of the shares of the company are short sold.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Diamond Foods in a research note on Friday, April 25th. They now have a $33.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Diamond Foods from $20.00 to $30.00 in a research note on Wednesday, March 12th. Finally, analysts at BMO Capital Markets raised their price target on shares of Diamond Foods from $22.00 to $31.00 in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus price target of $26.25.

Diamond Foods (NASDAQ:DMND) opened at 32.63 on Wednesday. Diamond Foods has a 52-week low of $15.44 and a 52-week high of $35.58. The stock’s 50-day moving average is $31.18 and its 200-day moving average is $28.64. The company’s market cap is $1.024 billion.

Diamond Foods (NASDAQ:DMND) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.01. The company had revenue of $220.60 million for the quarter, compared to the consensus estimate of $216.75 million. During the same quarter last year, the company posted $0.05 earnings per share. Diamond Foods’s revenue was down .1% compared to the same quarter last year. Analysts expect that Diamond Foods will post $0.64 EPS for the current fiscal year.

Diamond Foods, Inc (NASDAQ:DMND) is a packaged food company focused on building and energizing brands.

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