Australian Oilseeds Holdings Limited (NASDAQ:COOT) Sees Large Increase in Short Interest

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,150,994 shares, an increase of 604.2% from the August 15th total of 163,448 shares. Based on an average daily volume of 9,473,587 shares, the days-to-cover ratio is presently 0.1 days. Approximately 13.4% of the shares of the stock are short sold.

Australian Oilseeds Stock Up 3.1%

NASDAQ COOT opened at $0.48 on Friday. The stock’s 50 day simple moving average is $0.45 and its 200 day simple moving average is $0.56. Australian Oilseeds has a one year low of $0.35 and a one year high of $4.50. The firm has a market cap of $13.36 million, a PE ratio of -11.97 and a beta of 0.23. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.59 and a quick ratio of 0.35.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Australian Oilseeds stock. Citadel Advisors LLC acquired a new position in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,422 shares of the company’s stock, valued at approximately $26,000. Citadel Advisors LLC owned about 0.16% of Australian Oilseeds as of its most recent SEC filing. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About Australian Oilseeds

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.