Village Farms International, Inc. (NASDAQ:VFF) Sees Large Growth in Short Interest

Village Farms International, Inc. (NASDAQ:VFF) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,220,000 shares, an increase of 53.1% from the March 31st total of 1,450,000 shares. Based on an average daily volume of 893,600 shares, the days-to-cover ratio is presently 2.5 days.

Village Farms International Stock Performance

NASDAQ:VFF opened at $1.36 on Friday. Village Farms International has a fifty-two week low of $0.55 and a fifty-two week high of $1.57. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.02. The business has a 50 day moving average price of $1.05 and a 200-day moving average price of $0.88.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings data on Wednesday, March 13th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $74.23 million for the quarter, compared to analysts’ expectations of $70.03 million. Village Farms International had a negative net margin of 11.13% and a negative return on equity of 5.58%. Equities analysts forecast that Village Farms International will post -0.06 earnings per share for the current year.

Institutional Trading of Village Farms International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VFF. Perkins Capital Management Inc. lifted its position in Village Farms International by 1,708.5% during the fourth quarter. Perkins Capital Management Inc. now owns 1,058,000 shares of the company’s stock valued at $805,000 after buying an additional 999,500 shares during the period. Raymond James Trust N.A. lifted its position in Village Farms International by 94.4% during the fourth quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock valued at $28,000 after buying an additional 18,000 shares during the period. Penserra Capital Management LLC lifted its position in Village Farms International by 19.5% during the third quarter. Penserra Capital Management LLC now owns 744,788 shares of the company’s stock valued at $593,000 after buying an additional 121,750 shares during the period. Key Client Fiduciary Advisors LLC lifted its position in Village Farms International by 7.7% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock valued at $415,000 after buying an additional 39,045 shares during the period. Finally, Formidable Asset Management LLC lifted its position in Village Farms International by 96.4% during the third quarter. Formidable Asset Management LLC now owns 151,615 shares of the company’s stock valued at $121,000 after buying an additional 74,408 shares during the period. Hedge funds and other institutional investors own 12.15% of the company’s stock.

Analyst Ratings Changes

Separately, Craig Hallum increased their price objective on Village Farms International from $1.00 to $1.20 and gave the company a “buy” rating in a research note on Thursday, March 14th.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.