Seneca Foods Corp (NASDAQ:SENEA) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 113,700 shares, a growth of 10.5% from the June 30th total of 102,900 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily volume of 19,800 shares, the short-interest ratio is currently 5.7 days.
Large investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co acquired a new position in shares of Seneca Foods during the 1st quarter worth $564,000. Brandes Investment Partners LP raised its stake in shares of Seneca Foods by 63.9% during the 1st quarter. Brandes Investment Partners LP now owns 44,948 shares of the company’s stock worth $1,106,000 after buying an additional 17,516 shares during the last quarter. Metropolitan Life Insurance Co. NY acquired a new position in shares of Seneca Foods during the 4th quarter worth $74,000. Geode Capital Management LLC raised its stake in shares of Seneca Foods by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 74,602 shares of the company’s stock worth $2,105,000 after buying an additional 4,083 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Seneca Foods by 3.8% during the 4th quarter. Northern Trust Corp now owns 91,279 shares of the company’s stock worth $2,576,000 after buying an additional 3,319 shares during the last quarter. 49.01% of the stock is owned by institutional investors and hedge funds.
NASDAQ:SENEA traded up $0.01 during midday trading on Wednesday, reaching $25.42. The stock had a trading volume of 11,800 shares, compared to its average volume of 18,812. The business’s fifty day simple moving average is $28.60. Seneca Foods has a 12-month low of $21.97 and a 12-month high of $35.90. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.91 and a quick ratio of 0.66.
Seneca Foods (NASDAQ:SENEA) last released its earnings results on Thursday, June 13th. The company reported ($0.14) EPS for the quarter. Seneca Foods had a net margin of 1.28% and a negative return on equity of 6.09%. The business had revenue of $262.59 million during the quarter.
Separately, BidaskClub lowered shares of Seneca Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday.
About Seneca Foods
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. It offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, Cherryman, and Seneca Farms.
Further Reading: What does it mean to hold a stock in street name?
Receive News & Ratings for Seneca Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Seneca Foods and related companies with MarketBeat.com's FREE daily email newsletter.