Suja Life, Inc. (NASDAQ:SUJA) Sees Large Increase in Short Interest

Suja Life, Inc. (NASDAQ:SUJA) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,077,957 shares, an increase of 49.4% from the July 30th total of 721,651 shares. Based on an average trading volume of 1,315,301 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.8% of the company’s shares are short sold.

Insider Activity at Suja Life

In related news, major shareholder Schwartz Food Chain Fund Paine acquired 185,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $1,726,050.00. Following the completion of the acquisition, the insider owned 11,096,253 shares of the company’s stock, valued at $103,528,040.49. This trade represents a 1.70% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have acquired 1,650,260 shares of company stock worth $12,672,970.

Institutional Investors Weigh In On Suja Life

A hedge fund recently bought a new position in Suja Life stock. Readystate Asset Management LP purchased a new position in Suja Life, Inc. (NASDAQ:SUJA) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the company’s stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. Jefferies Financial Group assumed coverage on Suja Life in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price objective on the stock. Weiss Ratings began coverage on Suja Life in a report on Wednesday, August 5th. They set a “sell (e-)” rating for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. Finally, Evercore began coverage on shares of Suja Life in a research note on Monday, June 1st. They issued an “outperform” rating and a $24.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Suja Life Price Performance

SUJA stock opened at $10.43 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. The stock’s 50-day moving average is $9.13. Suja Life has a 1 year low of $5.59 and a 1 year high of $18.48.

Suja Life (NASDAQ:SUJA) last announced its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.34). The business had revenue of $83.86 million during the quarter. The company’s quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities analysts predict that Suja Life will post 0.1 EPS for the current fiscal year.

Suja Life Company Profile

Suja Life Inc operates as a holding company, through its subsidiaries, offers organic cold-pressed juices, wellness shots and functional sodas. Suja Life Inc is based in Oceanside, California.