S&W Seed (NASDAQ:SANW) Sees Significant Decrease in Short Interest

S&W Seed (NASDAQ:SANW) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totalling 36,100 shares, a decline of 15.3% from the March 31st total of 42,600 shares. Based on an average daily volume of 104,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On S&W Seed

An institutional investor recently raised its position in S&W Seed stock. Wynnefield Capital Inc. lifted its stake in shares of S&W Seed (NASDAQ:SANW) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,070,637 shares of the company’s stock after buying an additional 139,701 shares during the period. S&W Seed comprises about 2.1% of Wynnefield Capital Inc.’s holdings, making the stock its 8th largest position. Wynnefield Capital Inc. owned approximately 9.46% of S&W Seed worth $4,559,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 61.68% of the company’s stock.

S&W Seed Trading Up 0.1 %

Shares of SANW stock opened at $0.42 on Monday. The company has a market cap of $18.19 million, a P/E ratio of 1.50 and a beta of 0.93. The stock has a 50 day simple moving average of $0.48 and a two-hundred day simple moving average of $0.57. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.42 and a current ratio of 1.04. S&W Seed has a fifty-two week low of $0.37 and a fifty-two week high of $1.39.

S&W Seed (NASDAQ:SANW) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $10.87 million for the quarter. S&W Seed had a net margin of 18.36% and a negative return on equity of 28.69%. Research analysts forecast that S&W Seed will post -0.15 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on S&W Seed in a report on Tuesday, April 23rd. They issued a “sell” rating for the company.

S&W Seed Company Profile

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.