Village Farms International (NASDAQ:VFF) was the recipient of a large drop in short interest in January. As of January 31st, there was short interest totalling 3,070,000 shares, a drop of 8.9% from the January 15th total of 3,370,000 shares. Currently, 7.3% of the shares of the stock are short sold. Based on an average trading volume of 929,700 shares, the days-to-cover ratio is presently 3.3 days.
Several institutional investors have recently made changes to their positions in VFF. CoreCommodity Management LLC acquired a new stake in Village Farms International during the fourth quarter worth approximately $438,000. Virtu Financial LLC raised its stake in shares of Village Farms International by 80.6% during the 3rd quarter. Virtu Financial LLC now owns 42,195 shares of the company’s stock worth $382,000 after acquiring an additional 18,832 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in Village Farms International during the third quarter valued at approximately $323,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Village Farms International during the third quarter valued at approximately $208,000. Finally, Wakefield Asset Management LLLP acquired a new stake in Village Farms International in the third quarter valued at approximately $401,000. 10.79% of the stock is currently owned by institutional investors.
VFF has been the topic of several research reports. Craig Hallum cut their price target on Village Farms International from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded Village Farms International from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Raymond James set a $11.00 price objective on Village Farms International and gave the stock an “outperform” rating in a research report on Thursday, November 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $15.69.
Shares of VFF opened at $4.74 on Friday. The firm has a market cap of $249.59 million and a P/E ratio of 18.23. Village Farms International has a twelve month low of $4.46 and a twelve month high of $18.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 2.10. The firm’s 50 day moving average price is $5.67 and its two-hundred day moving average price is $8.18.
Village Farms International (NASDAQ:VFF) last issued its quarterly earnings data on Thursday, November 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.23). The company had revenue of $47.30 million for the quarter, compared to the consensus estimate of $44.40 million. Village Farms International had a return on equity of 10.76% and a net margin of 8.47%. Village Farms International’s revenue for the quarter was up 18.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Village Farms International will post 0.19 earnings per share for the current fiscal year.
Village Farms International Company Profile
Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.
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