Green Plains Inc. (NASDAQ:GPRE) Short Interest Update

Green Plains Inc. (NASDAQ:GPRE) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 6,720,000 shares, a growth of 10.2% from the March 31st total of 6,100,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 5.8 days.

Green Plains Stock Performance

NASDAQ GPRE opened at $21.74 on Tuesday. Green Plains has a 52-week low of $19.44 and a 52-week high of $36.02. The stock has a market cap of $1.41 billion, a PE ratio of -13.42 and a beta of 1.60. The firm has a 50-day moving average of $21.82 and a 200-day moving average of $23.64. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.34 and a current ratio of 1.90.

Green Plains (NASDAQ:GPRE) last issued its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The firm had revenue of $712.39 million for the quarter, compared to the consensus estimate of $782.01 million. Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The company’s revenue was down 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.66) EPS. On average, sell-side analysts anticipate that Green Plains will post 0.47 EPS for the current year.

Insider Activity

In other Green Plains news, Director Ejnar A. Knudsen III bought 4,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $24.73 per share, with a total value of $98,920.00. Following the completion of the transaction, the director now owns 40,913 shares in the company, valued at $1,011,778.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in GPRE. Kailix Advisors LLC grew its stake in shares of Green Plains by 49.0% in the first quarter. Kailix Advisors LLC now owns 960,752 shares of the specialty chemicals company’s stock valued at $22,213,000 after acquiring an additional 316,142 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Green Plains by 7.5% during the 1st quarter. Principal Financial Group Inc. now owns 333,232 shares of the specialty chemicals company’s stock worth $7,704,000 after purchasing an additional 23,270 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Green Plains by 7.0% during the first quarter. New York State Teachers Retirement System now owns 60,754 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 4,000 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Green Plains in the first quarter valued at approximately $2,056,000. Finally, Louisiana State Employees Retirement System raised its position in shares of Green Plains by 6.7% in the first quarter. Louisiana State Employees Retirement System now owns 31,800 shares of the specialty chemicals company’s stock valued at $735,000 after buying an additional 2,000 shares in the last quarter.

Analyst Ratings Changes

GPRE has been the topic of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $55.00 price target on shares of Green Plains in a research report on Monday, March 25th. UBS Group cut their price target on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating for the company in a research note on Monday, March 4th. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a research note on Wednesday, February 7th. Truist Financial reiterated a “buy” rating and issued a $35.00 target price on shares of Green Plains in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group lowered their price target on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.40.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.