Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Large Growth in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 4,363 shares, an increase of 343.4% from the May 14th total of 984 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 336,358 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Armanino Foods of Distinction currently has an average rating of “Buy” and a consensus price target of $15.00.

Armanino Foods of Distinction Trading Down 1.6%

Armanino Foods of Distinction stock opened at $10.20 on Thursday. The stock has a market cap of $317.02 million, a P/E ratio of 16.45 and a beta of 0.08. The stock has a 50 day moving average of $10.33 and a 200-day moving average of $10.88. Armanino Foods of Distinction has a 52 week low of $7.87 and a 52 week high of $12.25.

Armanino Foods of Distinction (OTCMKTS:AMNF) last posted its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.04. The business had revenue of $19.50 million for the quarter, compared to analyst estimates of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. As a group, equities analysts predict that Armanino Foods of Distinction will post 0.61 earnings per share for the current fiscal year.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.