Short Interest in Where Food Comes From Inc. (NASDAQ:WFCF) Increases By 339.5%

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. Based on an average daily volume of 56,352 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.2% of the shares of the stock are sold short.

Institutional Investors Weigh In On Where Food Comes From

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake 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 worth $2,164,000 after acquiring an additional 5,017 shares in the last quarter. Aristides Capital LLC boosted its stake 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 worth $374,000 after acquiring an additional 1,300 shares in the last quarter. Cetera Investment Advisers boosted its stake 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 worth $339,000 after acquiring an additional 12,282 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of Where Food Comes From during the 1st quarter worth $29,000. 18.84% of the stock is owned by institutional investors.

Where Food Comes From Stock Performance

Shares of WFCF stock opened at $11.66 on Friday. The stock has a market cap of $58.77 million, a PE ratio of 37.61 and a beta of 0.12. The business’s fifty day moving average is $12.71 and its 200-day moving average is $12.15. Where Food Comes From has a 1 year low of $9.15 and a 1 year high of $22.15.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut Where Food Comes From from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Where Food Comes From Company Profile

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.