Lifeway Foods Sees Significant Drop in Short Interest (LWAY)
Shares of Lifeway Foods (NASDAQ:LWAY) were the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 336,964 shares, a decrease of 34.0% from the April 30th total of 510,634 shares, Stock Ratings Network reports. Currently, 7.0% of the shares of the company are short sold. Based on an average daily trading volume, of 34,290 shares, the short-interest ratio is presently 9.8 days.
In other Lifeway Foods news, Director Ludmila Smolyansky sold 12,000 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $13.00, for a total transaction of $156,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Lifeway Foods (NASDAQ:LWAY) opened at 13.18 on Thursday. Lifeway Foods has a 52-week low of $12.50 and a 52-week high of $19.99. The stock’s 50-day moving average is $14.23 and its 200-day moving average is $14.42. The company has a market cap of $215.4 million and a P/E ratio of 64.73.
Lifeway Foods (NASDAQ:LWAY) last released its earnings data on Monday, May 12th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $32.10 million for the quarter, compared to the consensus estimate of $30.58 million. During the same quarter last year, the company posted $0.14 earnings per share. Analysts expect that Lifeway Foods will post $0.31 EPS for the current fiscal year.
Lifeway Foods, Inc (NASDAQ:LWAY) is engaged in the manufacturing of probiotic, cultured, functional dairy and non-dairy health food products.
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