Seneca Foods Co. (NASDAQ:SENEB) Short Interest Down 32.6% in March

Seneca Foods Co. (NASDAQ:SENEB) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 521 shares, a decline of 32.6% from the March 15th total of 773 shares. Based on an average trading volume of 388 shares, the days-to-cover ratio is presently 1.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Seneca Foods in a report on Friday, March 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Seneca Foods presently has an average rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. boosted its holdings in shares of Seneca Foods Co. (NASDAQ:SENEB) by 24.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the period. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.39% of the company’s stock.

Seneca Foods Price Performance

Shares of SENEB stock traded down $26.90 during mid-day trading on Thursday, hitting $132.93. The stock had a trading volume of 174 shares, compared to its average volume of 416. Seneca Foods has a 12-month low of $88.99 and a 12-month high of $164.98. The firm’s 50-day moving average is $137.60 and its two-hundred day moving average is $122.43.

Seneca Foods (NASDAQ:SENEB) last released its quarterly earnings results on Thursday, February 5th. The consumer goods maker reported $6.19 EPS for the quarter. The company had revenue of $508.35 million during the quarter.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.