Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Drops By 14.5%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 13,600 shares, a decline of 14.5% from the November 30th total of 15,900 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 2.8 days.

Where Food Comes From Trading Down 4.5 %

Where Food Comes From stock opened at $12.37 on Tuesday. The company has a market capitalization of $65.28 million, a PE ratio of 35.34 and a beta of 0.55. The stock has a 50-day moving average price of $11.91 and a two-hundred day moving average price of $11.43. Where Food Comes From has a 12 month low of $9.76 and a 12 month high of $13.95.

Hedge Funds Weigh In On Where Food Comes From

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its stake in shares of Where Food Comes From by 23.8% in the third quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock worth $280,000 after purchasing an additional 4,984 shares during the last quarter. Bard Associates Inc. grew its position in shares of Where Food Comes From by 22.6% in the 3rd quarter. Bard Associates Inc. now owns 60,221 shares of the company’s stock valued at $649,000 after buying an additional 11,106 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Where Food Comes From during the third quarter worth about $2,223,000. 18.84% of the stock is currently owned by institutional investors and hedge funds.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.