Short Interest in Australian Oilseeds Holdings Limited (NASDAQ:COOT) Rises By 604.2%

Australian Oilseeds Holdings Limited (NASDAQ:COOT) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,150,994 shares, an increase of 604.2% from the August 15th total of 163,448 shares. Approximately 13.4% of the shares of the company are sold short. Based on an average daily volume of 9,473,587 shares, the short-interest ratio is presently 0.1 days.

Australian Oilseeds Stock Down 2.5%

Shares of COOT stock opened at $0.46 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.14. Australian Oilseeds has a 12 month low of $0.35 and a 12 month high of $4.50. The stock has a market cap of $12.96 million, a P/E ratio of -11.61 and a beta of 0.23. The company has a 50 day simple moving average of $0.45 and a two-hundred day simple moving average of $0.56.

Australian Oilseeds (NASDAQ:COOT) last issued its quarterly earnings results on Monday, June 22nd. The company reported ($0.03) earnings per share for the quarter. The firm had revenue of $7.62 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Australian Oilseeds presently has an average rating of “Sell”.

Institutional Trading of Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. Citadel Advisors LLC acquired a new position in Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 45,422 shares of the company’s stock, valued at approximately $26,000. Citadel Advisors LLC owned 0.16% of Australian Oilseeds as of its most recent SEC filing. Institutional investors and hedge funds own 12.95% of the company’s stock.

About Australian Oilseeds

Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.

Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.