Where Food Comes From Inc. (NASDAQ:WFCF) Short Interest Update

Where Food Comes From Inc. (NASDAQ:WFCF) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 27,292 shares, an increase of 339.5% from the April 30th total of 6,210 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 56,352 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On Where Food Comes From

Several hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC purchased a new stake in shares of Where Food Comes From during the 1st quarter valued at about $29,000. Cetera Investment Advisers raised its holdings in shares of Where Food Comes From by 93.1% during the 1st quarter. Cetera Investment Advisers now owns 25,470 shares of the company’s stock valued at $339,000 after buying an additional 12,282 shares during the period. Aristides Capital LLC raised its holdings in shares of Where Food Comes From by 4.2% during the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after buying an additional 1,300 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Where Food Comes From by 3.2% during the 3rd quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after buying an additional 5,017 shares during the period. 18.84% of the stock is currently owned by hedge funds and other institutional investors.

Where Food Comes From Stock Performance

Shares of NASDAQ:WFCF traded up $0.07 during mid-day trading on Friday, hitting $11.73. 13,760 shares of the company traded hands, compared to its average volume of 42,197. The firm has a market cap of $59.12 million, a P/E ratio of 37.84 and a beta of 0.12. Where Food Comes From has a 52-week low of $9.15 and a 52-week high of $22.15. The firm’s 50 day simple moving average is $12.71 and its 200 day simple moving average is $12.14.

Where Food Comes From (NASDAQ:WFCF) last announced its earnings results on Thursday, May 14th. The company reported $0.02 EPS for the quarter. The business had revenue of $5.37 million for the quarter. Where Food Comes From had a return on equity of 16.48% and a net margin of 6.39%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Where Food Comes From from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Where Food Comes From currently has an average rating of “Hold”.

About Where Food Comes From

Where Food Comes From, Inc (NASDAQ: WFCF) is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.

The company’s core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.