Short Interest in Where Food Comes From Inc. (NASDAQ:WFCF) Increases By 339.5%

Where Food Comes From Inc. (NASDAQ:WFCF) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 27,292 shares, an increase of 339.5% from the April 30th total of 6,210 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 56,352 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Where Food Comes From from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Where Food Comes From currently has an average rating of “Sell”.

Institutional Trading of Where Food Comes From

Large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new position in Where Food Comes From during the 1st quarter valued at $29,000. Cetera Investment Advisers increased its position in shares of Where Food Comes From by 93.1% during the 1st quarter. Cetera Investment Advisers now owns 25,470 shares of the company’s stock valued at $339,000 after purchasing an additional 12,282 shares during the period. Aristides Capital LLC increased its position in shares of Where Food Comes From by 4.2% during the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after purchasing an additional 1,300 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Where Food Comes From by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after purchasing an additional 5,017 shares during the period. 18.84% of the stock is currently owned by institutional investors and hedge funds.

Where Food Comes From Price Performance

WFCF opened at $11.66 on Friday. Where Food Comes From has a 12 month low of $9.15 and a 12 month high of $22.15. The stock has a market cap of $58.77 million, a P/E ratio of 37.61 and a beta of 0.12. The stock’s 50 day moving average price is $12.71 and its 200 day moving average price is $12.15.

Where Food Comes From (NASDAQ:WFCF) last posted its earnings results on Thursday, May 14th. The company reported $0.02 EPS for the quarter. Where Food Comes From had a return on equity of 16.48% and a net margin of 6.39%.The firm had revenue of $5.37 million for the quarter.

Where Food Comes From Company Profile

Where Food Comes From, Inc (NASDAQ: WFCF) is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.

The company’s core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.