Seneca Foods Co. (NASDAQ:SENEA) Short Interest Update

Seneca Foods Co. (NASDAQ:SENEA) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 94,900 shares, a decrease of 23.3% from the December 15th total of 123,800 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is presently 5.1 days.

Institutional Trading of Seneca Foods

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in Seneca Foods during the third quarter valued at approximately $118,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Seneca Foods during the 3rd quarter worth about $156,000. Rockbridge Investment Management LCC bought a new position in Seneca Foods during the third quarter worth $220,000. Bleakley Financial Group LLC acquired a new stake in shares of Seneca Foods during the 3rd quarter worth approximately $226,000. Finally, Clifford Capital Partners LLC acquired a new position in shares of Seneca Foods in the 2nd quarter valued at $243,000. 42.51% of the stock is owned by institutional investors and hedge funds.

Seneca Foods Price Performance

Shares of SENEA traded up $0.17 during trading hours on Wednesday, reaching $73.03. 9,001 shares of the company traded hands, compared to its average volume of 14,311. The company has a quick ratio of 0.33, a current ratio of 2.64 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $503.25 million, a PE ratio of 12.53 and a beta of 0.27. The stock has a fifty day simple moving average of $73.53 and a 200 day simple moving average of $65.53. Seneca Foods has a fifty-two week low of $43.89 and a fifty-two week high of $81.39.

About Seneca Foods

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.