Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Large Drop in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 35 shares, a decline of 99.2% from the May 31st total of 4,363 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 122,532 shares, the short-interest ratio is presently 0.0 days.

Armanino Foods of Distinction Stock Performance

AMNF traded up $0.02 during trading on Thursday, reaching $10.20. The company had a trading volume of 42,717 shares, compared to its average volume of 50,550. The firm’s 50-day simple moving average is $10.27 and its 200 day simple moving average is $10.85. The company has a market cap of $312.53 million, a price-to-earnings ratio of 16.45 and a beta of 0.08. Armanino Foods of Distinction has a 12-month low of $7.98 and a 12-month high of $12.25.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised shares of Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $15.00.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.