Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Grows By 59.8%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 19,500 shares, an increase of 59.8% from the June 30th total of 12,200 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average trading volume of 2,500 shares, the short-interest ratio is presently 7.8 days.

Where Food Comes From Price Performance

NASDAQ WFCF opened at $11.50 on Monday. The company has a fifty day moving average of $11.87 and a two-hundred day moving average of $12.21. The company has a market capitalization of $61.87 million, a PE ratio of 29.49 and a beta of 0.51. Where Food Comes From has a 1 year low of $9.76 and a 1 year high of $14.77.

Where Food Comes From (NASDAQ:WFCF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share (EPS) for the quarter. The firm had revenue of $5.58 million for the quarter. Where Food Comes From had a return on equity of 20.76% and a net margin of 8.68%.

Hedge Funds Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. raised its holdings in Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,150 shares of the company’s stock after purchasing an additional 1,535 shares during the quarter. Bard Associates Inc. owned about 0.81% of Where Food Comes From worth $612,000 as of its most recent filing with the SEC. 18.84% of the stock is currently owned by institutional investors and hedge funds.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.