S&W Seed (NASDAQ:SANW) Sees Significant Decrease in Short Interest

S&W Seed (NASDAQ:SANWGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 322,100 shares, a decrease of 17.6% from the April 15th total of 391,000 shares. Based on an average trading volume of 361,000 shares, the days-to-cover ratio is currently 0.9 days.

Shares of SANW stock traded down $0.05 on Wednesday, hitting $1.28. The stock had a trading volume of 100 shares, compared to its average volume of 138,665. The business has a 50 day moving average of $1.79 and a 200 day moving average of $2.38. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.37 and a current ratio of 1.60. S&W Seed has a 12-month low of $1.24 and a 12-month high of $4.60.

S&W Seed (NASDAQ:SANWGet Rating) last announced its earnings results on Monday, May 16th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.08). S&W Seed had a negative net margin of 23.68% and a negative return on equity of 34.58%. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities research analysts forecast that S&W Seed will post -0.58 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in SANW. Prescott Group Capital Management L.L.C. purchased a new stake in S&W Seed during the fourth quarter worth about $927,000. Oak Family Advisors LLC increased its holdings in S&W Seed by 56.8% during the first quarter. Oak Family Advisors LLC now owns 528,196 shares of the company’s stock worth $1,125,000 after buying an additional 191,248 shares during the last quarter. Cutter & CO Brokerage Inc. increased its holdings in S&W Seed by 16.5% during the first quarter. Cutter & CO Brokerage Inc. now owns 1,238,414 shares of the company’s stock worth $2,638,000 after buying an additional 174,953 shares during the last quarter. First Western Trust Bank purchased a new stake in S&W Seed during the first quarter worth about $348,000. Finally, Virtu Financial LLC bought a new position in S&W Seed during the first quarter worth about $193,000.

Several brokerages recently issued reports on SANW. StockNews.com lowered shares of S&W Seed from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Zacks Investment Research downgraded shares of S&W Seed from a “hold” rating to a “sell” rating in a report on Wednesday, February 16th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, S&W Seed presently has an average rating of “Hold” and an average price target of $4.58.

About S&W Seed (Get Rating)

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. It also offers sunflower, wheat germplasm, wheat, and pasture seeds. The company sells its seeds to distributors and dealers in 40 countries. S&W Seed Company was founded in 1980 and is headquartered in Longmont, Colorado.

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