Short Interest in Australian Oilseeds Holdings Limited (NASDAQ:COOT) Expands By 118.4%

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 136,664 shares, a growth of 118.4% from the July 15th total of 62,563 shares. Based on an average daily trading volume, of 264,619 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.6% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Australian Oilseeds stock. Yakira Capital Management Inc. bought a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned approximately 0.21% of Australian Oilseeds as of its most recent filing with the Securities & Exchange Commission. 12.95% of the stock is currently owned by hedge funds and other institutional investors.

Australian Oilseeds Price Performance

Shares of NASDAQ:COOT traded down $0.03 during mid-day trading on Friday, reaching $0.43. The stock had a trading volume of 5,256 shares, compared to its average volume of 174,983. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.14. The company has a market cap of $12.00 million, a P/E ratio of -10.75 and a beta of 0.15. Australian Oilseeds has a 1 year low of $0.35 and a 1 year high of $4.50. The business’s 50 day moving average price is $0.50 and its 200 day moving average price is $0.58.

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

Australian Oilseeds Company Profile

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.