Short Interest in S&W Seed (NASDAQ:SANW) Expands By 41.7%

S&W Seed (NASDAQ:SANW) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 18,000 shares, an increase of 41.7% from the June 30th total of 12,700 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 67,900 shares, the days-to-cover ratio is presently 0.3 days.

SANW opened at $2.33 on Friday. The firm has a fifty day moving average price of $2.50 and a 200 day moving average price of $2.26. S&W Seed has a 1 year low of $1.67 and a 1 year high of $3.98. The stock has a market cap of $77.86 million, a P/E ratio of 25.89 and a beta of 0.49. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 0.48.

S&W Seed (NASDAQ:SANW) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. S&W Seed had a negative net margin of 17.99% and a positive return on equity of 3.15%. The company had revenue of $29.09 million during the quarter, compared to analysts’ expectations of $21.25 million. Equities analysts expect that S&W Seed will post -0.5 EPS for the current year.

In other news, major shareholder Wynnefield Partners Small Cap acquired 20,610 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $2.00 per share, with a total value of $41,220.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have acquired 90,250 shares of company stock worth $185,151. Company insiders own 3.60% of the company’s stock.

A hedge fund recently raised its stake in S&W Seed stock. Renaissance Technologies LLC grew its holdings in S&W Seed (NASDAQ:SANW) by 95.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,987 shares of the company’s stock after buying an additional 24,883 shares during the quarter. Renaissance Technologies LLC owned 0.15% of S&W Seed worth $107,000 as of its most recent SEC filing. 75.99% of the stock is owned by hedge funds and other institutional investors.

SANW has been the topic of a number of research reports. Zacks Investment Research lowered shares of S&W Seed from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Roth Capital reaffirmed a “buy” rating and set a $5.00 price target on shares of S&W Seed in a research report on Wednesday, July 1st. Finally, ValuEngine raised S&W Seed from a “hold” rating to a “buy” rating in a report on Friday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $4.50.

About S&W Seed

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa seeds. The company sells its seeds to distributors and dealers in approximately 30 countries worldwide. S&W Seed Company was founded in 1980 and is headquartered in Sacramento, California.

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