Short Interest in Australian Oilseeds Holdings Limited (NASDAQ:COOT) Rises By 604.2%

Australian Oilseeds Holdings Limited (NASDAQ:COOT) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 1,150,994 shares, an increase of 604.2% from the August 15th total of 163,448 shares. Based on an average daily trading volume, of 9,473,587 shares, the short-interest ratio is currently 0.1 days. Approximately 13.4% of the company’s stock are sold short.

Australian Oilseeds Stock Down 2.5%

Shares of Australian Oilseeds stock opened at $0.46 on Friday. The company has a 50-day simple moving average of $0.45 and a two-hundred day simple moving average of $0.56. The stock has a market capitalization of $12.96 million, a PE ratio of -11.61 and a beta of 0.23. Australian Oilseeds has a 52-week low of $0.35 and a 52-week high of $4.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.35 and a current ratio of 0.59.

Australian Oilseeds (NASDAQ:COOT) last posted its quarterly earnings results on Monday, June 22nd. The company reported ($0.03) EPS for the quarter. The firm had revenue of $7.62 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Trading of Australian Oilseeds

An institutional investor recently bought a new stake in Australian Oilseeds stock. Citadel Advisors LLC purchased a new stake in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,422 shares of the company’s stock, valued at approximately $26,000. Citadel Advisors LLC owned approximately 0.16% of Australian Oilseeds at the end of the most recent reporting period. 12.95% of the stock is currently owned by institutional investors and hedge funds.

Australian Oilseeds Company Profile

Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.

Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.