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

S&W Seed (NASDAQ:SANW) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 9,800 shares, an increase of 2,350.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 9,800 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on S&W Seed in a report on Saturday. They set a “sell” rating on the stock.

S&W Seed Price Performance

Shares of NASDAQ SANW traded up $0.13 during mid-day trading on Wednesday, reaching $2.30. The company had a trading volume of 9,527 shares, compared to its average volume of 6,192. The company has a current ratio of 0.92, a quick ratio of 0.36 and a debt-to-equity ratio of 0.12. S&W Seed has a twelve month low of $2.10 and a twelve month high of $14.25. The stock’s 50 day moving average is $3.70 and its 200-day moving average is $5.36.

S&W Seed (NASDAQ:SANW) last released its earnings results on Friday, November 1st. The company reported ($2.95) earnings per share for the quarter. The company had revenue of $14.82 million during the quarter. S&W Seed had a negative net margin of 49.69% and a negative return on equity of 40.22%.

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.