Short Interest in Arcadia Biosciences, Inc. (NASDAQ:RKDA) Increases By 1,175.8%

Arcadia Biosciences, Inc. (NASDAQ:RKDA) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 116,100 shares, a growth of 1,175.8% from the November 30th total of 9,100 shares. Based on an average trading volume of 1,150,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 8.5% of the company’s shares are sold short.

Arcadia Biosciences Stock Down 0.7 %

Shares of RKDA traded down $0.04 during trading hours on Friday, reaching $6.11. The company’s stock had a trading volume of 69,202 shares, compared to its average volume of 315,605. The company has a 50 day moving average of $4.40 and a two-hundred day moving average of $3.43. The firm has a market cap of $8.34 million, a price-to-earnings ratio of -1.43 and a beta of 1.18. Arcadia Biosciences has a 1-year low of $1.85 and a 1-year high of $10.31.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Arcadia Biosciences in a research report on Wednesday. They issued a “sell” rating for the company.

Arcadia Biosciences Company Profile

Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.