Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Declines By 32.9%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the target of a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 4,900 shares, a decrease of 32.9% from the March 31st total of 7,300 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 1.2 days.

Where Food Comes From Price Performance

Shares of Where Food Comes From stock opened at $11.03 on Wednesday. The firm’s fifty day simple moving average is $11.43 and its 200-day simple moving average is $11.87. Where Food Comes From has a 12 month low of $9.76 and a 12 month high of $13.50. The stock has a market capitalization of $57.72 million, a price-to-earnings ratio of 28.28 and a beta of 0.53.

Where Food Comes From (NASDAQ:WFCF) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.13 earnings per share (EPS) for the quarter. Where Food Comes From had a return on equity of 19.31% and a net margin of 8.23%. The firm had revenue of $6.66 million for the quarter.

Institutional Investors Weigh In On Where Food Comes From

Several large investors have recently modified their holdings of WFCF. Bard Associates Inc. increased its stake in Where Food Comes From by 10.5% in the 4th quarter. Bard Associates Inc. now owns 66,552 shares of the company’s stock valued at $881,000 after buying an additional 6,331 shares during the period. Aristides Capital LLC increased its stake in shares of Where Food Comes From by 12.1% during the fourth quarter. Aristides Capital LLC now owns 31,251 shares of the company’s stock worth $414,000 after acquiring an additional 3,370 shares during the period. Geode Capital Management LLC raised its holdings in Where Food Comes From by 23.8% during the third quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock worth $280,000 after purchasing an additional 4,984 shares in the last quarter. Northern Trust Corp acquired a new stake in Where Food Comes From in the fourth quarter valued at about $197,000. Finally, DGS Capital Management LLC purchased a new stake in Where Food Comes From in the 4th quarter valued at approximately $147,000. Hedge funds and other 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.