Penford Corp Short Interest Down 87.9% in July (PENX)
Shares of Penford Corp (NASDAQ:PENX) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 66,861 shares, a decline of 87.9% from the June 30th total of 551,877 shares, American Banking News reports. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 214,051 shares, the short-interest ratio is currently 0.3 days.
Shares of Penford Corp (NASDAQ:PENX) opened at 12.50 on Wednesday. Penford Corp has a 1-year low of $10.71 and a 1-year high of $15.98. The stock’s 50-day moving average is $12.01 and its 200-day moving average is $12.64. The company has a market cap of $158.8 million and a price-to-earnings ratio of 40.33.
Penford Corp (NASDAQ:PENX) last released its earnings data on Monday, July 7th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $119.40 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter last year, the company posted $0.16 earnings per share. Analysts expect that Penford Corp will post $0.55 EPS for the current fiscal year.
Penford Corporation (NASDAQ:PENX) is a developer, manufacturer and marketer of specialty natural-based ingredient systems for food and industrial ingredient applications, including fuel grade ethanol.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.