American Vanguard Co. (NYSE:AVD) Short Interest Update

American Vanguard Co. (NYSE:AVD) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 800,700 shares, a decline of 19.3% from the March 15th total of 992,800 shares. Based on an average daily trading volume, of 264,200 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.0% of the shares of the company are short sold.

Hedge Funds Weigh In On American Vanguard

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP raised its position in American Vanguard by 2.0% during the fourth quarter. Wellington Management Group LLP now owns 1,498,061 shares of the basic materials company’s stock worth $6,936,000 after acquiring an additional 29,713 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its position in shares of American Vanguard by 9.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 990,238 shares of the basic materials company’s stock valued at $4,585,000 after acquiring an additional 88,070 shares in the last quarter. Topline Capital Management LLC acquired a new stake in shares of American Vanguard during the fourth quarter valued at $3,758,000. Geode Capital Management LLC raised its stake in American Vanguard by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 595,771 shares of the basic materials company’s stock valued at $2,759,000 after purchasing an additional 13,798 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in American Vanguard in the 4th quarter valued at about $2,666,000. 79.04% of the stock is owned by institutional investors and hedge funds.

American Vanguard Price Performance

American Vanguard stock traded down $0.02 during midday trading on Friday, reaching $3.78. The company’s stock had a trading volume of 139,862 shares, compared to its average volume of 280,119. The firm has a market capitalization of $108.70 million, a PE ratio of -3.67 and a beta of 1.03. American Vanguard has a fifty-two week low of $3.28 and a fifty-two week high of $12.67. The stock’s 50 day simple moving average is $4.55 and its 200 day simple moving average is $5.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.79 and a current ratio of 1.89.

Wall Street Analyst Weigh In

Separately, Lake Street Capital set a $14.00 target price on shares of American Vanguard in a report on Tuesday, January 21st.

American Vanguard Company Profile

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.