Arcadia Biosciences, Inc. (NASDAQ:RKDA) Shares Shorted: Short Interest Down 48.8% in September

Arcadia Biosciences, Inc. (NASDAQ:RKDA) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 9,605 shares, a decrease of 48.8% from the August 31st total of 18,768 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 54,883 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Arcadia Biosciences in a report on Tuesday, September 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Arcadia Biosciences has a consensus rating of “Sell”.

Arcadia Biosciences Trading Down 0.2%

Shares of NASDAQ RKDA traded down $0.00 during trading hours on Wednesday, reaching $0.28. The stock had a trading volume of 20,442,546 shares, compared to its average volume of 1,345,035. The firm has a 50-day moving average of $0.52 and a 200-day moving average of $0.87. The firm has a market cap of $674,800.00, a price-to-earnings ratio of -0.06 and a beta of 0.53. Arcadia Biosciences has a fifty-two week low of $0.22 and a fifty-two week high of $6.71.

Arcadia Biosciences (NASDAQ:RKDA) last released its quarterly earnings results on Thursday, August 13th. The basic materials company reported ($2.09) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.53). Arcadia Biosciences had a negative return on equity of 183.50% and a negative net margin of 234.53%.The firm had revenue of $1.44 million for the quarter, compared to analyst estimates of $1.90 million.

About Arcadia Biosciences

Arcadia Biosciences, Inc is an agricultural biotechnology company focused on developing and commercializing plant-based products and crop technologies. The company has historically used advanced plant science and breeding techniques to improve the nutritional profile, sustainability, and commercial value of agricultural crops.

Its product portfolio has included GoodWheat, a wheat variety developed with reduced gluten and increased dietary fiber, and GoodHemp, a line of hemp products such as hemp seed, hemp protein, and hemp-derived ingredients.