Where Food Comes From, Inc. (NASDAQ:WFCF) Sees Significant Decrease in Short Interest

Where Food Comes From, Inc. (NASDAQ:WFCF) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 7,300 shares, a decline of 33.6% from the March 15th total of 11,000 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of WFCF. Geode Capital Management LLC lifted its position in 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 valued at $280,000 after purchasing an additional 4,984 shares during the period. Sanctuary Advisors LLC purchased a new position in Where Food Comes From during the third quarter worth approximately $2,223,000. DGS Capital Management LLC purchased a new position in shares of Where Food Comes From in the 4th quarter worth $147,000. Bard Associates Inc. grew its position in Where Food Comes From by 10.5% during the fourth quarter. Bard Associates Inc. now owns 66,552 shares of the company’s stock valued at $881,000 after acquiring an additional 6,331 shares during the period. Finally, Aristides Capital LLC lifted its position in Where Food Comes From by 12.1% during the fourth quarter. Aristides Capital LLC now owns 31,251 shares of the company’s stock valued at $414,000 after buying an additional 3,370 shares in the last quarter. 18.84% of the stock is currently owned by hedge funds and other institutional investors.

Where Food Comes From Price Performance

WFCF stock traded up $0.71 during mid-day trading on Friday, reaching $11.64. 666 shares of the company’s stock were exchanged, compared to its average volume of 4,065. The stock’s 50 day moving average is $11.55 and its 200 day moving average is $11.85. Where Food Comes From has a 12-month low of $9.76 and a 12-month high of $13.50. The company has a market cap of $60.90 million, a price-to-earnings ratio of 29.84 and a beta of 0.53.

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $6.66 million during the quarter. Where Food Comes From had a net margin of 8.23% and a return on equity of 19.31%.

Where Food Comes From Company Profile

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.