Where Food Comes From, Inc. (NASDAQ:WFCF) Sees Significant Growth in Short Interest

Where Food Comes From, Inc. (NASDAQ:WFCF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 21,800 shares, an increase of 56.8% from the March 31st total of 13,900 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 6.4 days.

Where Food Comes From Trading Down 0.4 %

WFCF stock opened at $12.15 on Friday. Where Food Comes From has a 1-year low of $10.00 and a 1-year high of $14.77. The stock has a market cap of $66.58 million, a price-to-earnings ratio of 31.97 and a beta of 0.63. The company’s 50 day moving average is $11.87 and its 200 day moving average is $12.95.

Where Food Comes From (NASDAQ:WFCF) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.14 earnings per share for the quarter. Where Food Comes From had a net margin of 8.56% and a return on equity of 19.40%. The firm had revenue of $6.73 million for the quarter.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. increased its position in Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,150 shares of the company’s stock after buying an additional 1,535 shares during the quarter. Bard Associates Inc. owned 0.81% of Where Food Comes From worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 18.84% of the company’s stock.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.