The Very Good Food Company Inc. (NASDAQ:VGFC – Get Rating) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,410,000 shares, an increase of 339.4% from the March 15th total of 320,900 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 771,100 shares, the short-interest ratio is currently 1.8 days.
Shares of Very Good Food stock opened at $0.36 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.08 and a current ratio of 2.61. Very Good Food has a 12 month low of $0.34 and a 12 month high of $4.78. The company’s fifty day moving average price is $0.50.
Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC purchased a new position in shares of Very Good Food during the fourth quarter valued at $31,000. Harbor Advisors LLC purchased a new position in Very Good Food in the fourth quarter valued at about $72,000. Toronto Dominion Bank purchased a new position in Very Good Food in the fourth quarter valued at about $76,000. Virtu Financial LLC purchased a new position in Very Good Food in the fourth quarter valued at about $112,000. Finally, Citadel Advisors LLC purchased a new position in Very Good Food in the fourth quarter valued at about $160,000.
The Very Good Food Company Inc, a plant-based food technology company, designs, develops, produces, distributes, and sells various plant-based meats and other food alternatives in Canada and the United States. The company offers its products through its wholesale and e-commerce stores, and public markets, as well as the Butcher Shop & Restaurant under The Very Good Butchers brand.
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