Suja Life, Inc. (NASDAQ:SUJA) Short Interest Up 49.4% in August

Suja Life, Inc. (NASDAQ:SUJA) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,077,957 shares, an increase of 49.4% from the July 30th total of 721,651 shares. Based on an average trading volume of 1,315,301 shares, the short-interest ratio is presently 0.8 days. Approximately 2.8% of the shares of the company are short sold.

Suja Life Trading Up 1.6%

SUJA stock traded up $0.16 during trading hours on Tuesday, hitting $10.23. 202,315 shares of the stock traded hands, compared to its average volume of 524,524. The firm has a 50-day moving average of $9.13. Suja Life has a one year low of $5.59 and a one year high of $18.48. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.86.

Suja Life (NASDAQ:SUJA) last issued its quarterly earnings results on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.34). The business had revenue of $83.86 million for the quarter. Suja Life’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts expect that Suja Life will post 0.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Suja Life

In other news, major shareholder Schwartz Food Chain Fund Paine bought 185,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of $9.33 per share, for a total transaction of $1,726,050.00. Following the transaction, the insider owned 11,096,253 shares in the company, valued at approximately $103,528,040.49. This trade represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have bought 1,650,260 shares of company stock valued at $12,672,970.

Institutional Trading of Suja Life

A hedge fund recently bought a new stake in Suja Life stock. Readystate Asset Management LP purchased a new stake in shares of Suja Life, Inc. (NASDAQ:SUJA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the company’s stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life at the end of the most recent reporting period.

Analyst Ratings Changes

Several brokerages have recently issued reports on SUJA. Jefferies Financial Group started coverage on Suja Life in a research report on Monday, June 1st. They set a “buy” rating and a $25.00 price objective for the company. Weiss Ratings began coverage on Suja Life in a research report on Wednesday, August 5th. They set a “sell (e-)” rating for the company. Zacks Research raised Suja Life to a “hold” rating in a research note on Tuesday, June 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Finally, Wall Street Zen downgraded shares of Suja Life from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Suja Life Company Profile

Suja Life Inc operates as a holding company, through its subsidiaries, offers organic cold-pressed juices, wellness shots and functional sodas. Suja Life Inc is based in Oceanside, California.