Short Interest in Farmer Bros. Co. (NASDAQ:FARM) Rises By 36.8%

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 74,700 shares, a growth of 36.8% from the December 31st total of 54,600 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 85,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Farmer Bros.

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in Farmer Bros. by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after acquiring an additional 17,327 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Farmer Bros. by 1.4% in the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after purchasing an additional 7,600 shares during the last quarter. Sanders Morris Harris LLC increased its holdings in shares of Farmer Bros. by 53.8% in the third quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock worth $305,000 after purchasing an additional 54,000 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Farmer Bros. in the third quarter worth about $33,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its stake in Farmer Bros. by 58.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after buying an additional 7,000 shares during the last quarter. 64.48% of the stock is owned by institutional investors.

Farmer Bros. Stock Down 0.6 %

Shares of NASDAQ FARM opened at $1.66 on Thursday. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.90. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a 50 day moving average of $1.88 and a 200 day moving average of $2.17.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Farmer Bros. had a negative net margin of 2.20% and a negative return on equity of 35.41%. The business had revenue of $85.07 million for the quarter, compared to the consensus estimate of $84.80 million. During the same period in the previous year, the firm earned ($0.06) EPS. Sell-side analysts expect that Farmer Bros. will post -0.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Farmer Bros. in a report on Friday, January 24th. They issued a “hold” rating on the stock.

About Farmer Bros.

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.