Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF) Sees Significant Growth in Short Interest

Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF) saw a significant growth in short interest in June. As of June 30th, there was short interest totalling 20,200 shares, a growth of 708.0% from the June 15th total of 2,500 shares. Based on an average daily volume of 63,400 shares, the days-to-cover ratio is currently 0.3 days.

Armanino Foods of Distinction Stock Performance

Shares of OTCMKTS AMNF traded up $0.04 during mid-day trading on Thursday, hitting $5.48. 5,103 shares of the stock traded hands, compared to its average volume of 14,151. Armanino Foods of Distinction has a 52 week low of $4.13 and a 52 week high of $6.30. The company has a market cap of $175.74 million, a price-to-earnings ratio of 19.57 and a beta of 0.37. The stock has a fifty day moving average price of $5.52 and a 200-day moving average price of $5.34.

Armanino Foods of Distinction (OTCMKTS:AMNF) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.07 earnings per share for the quarter. Armanino Foods of Distinction had a return on equity of 31.66% and a net margin of 14.56%. The company had revenue of $15.72 million for the quarter.

Armanino Foods of Distinction Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be issued a $0.0363 dividend. The ex-dividend date is Friday, July 5th. Armanino Foods of Distinction’s dividend payout ratio (DPR) is 53.57%.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle.