Lifeway Foods, Inc. (NASDAQ:LWAY) Short Interest Update

Lifeway Foods, Inc. (NASDAQ:LWAY) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 136,300 shares, a decrease of 23.6% from the October 15th total of 178,500 shares. Based on an average trading volume of 160,200 shares, the short-interest ratio is presently 0.9 days. Approximately 2.9% of the shares of the company are short sold.

Analyst Ratings Changes

LWAY has been the topic of several analyst reports. StockNews.com initiated coverage on Lifeway Foods in a research report on Thursday. They issued a “hold” rating on the stock. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 4,584 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.55, for a total value of $89,617.20. Following the sale, the insider now directly owns 1,085,549 shares of the company’s stock, valued at $21,222,482.95. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 18.86% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after buying an additional 2,018 shares in the last quarter. Barclays PLC boosted its stake in Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after buying an additional 1,849 shares in the last quarter. State Street Corp boosted its stake in Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after buying an additional 12,020 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Lifeway Foods during the third quarter valued at about $679,000. Finally, Harvest Management LLC bought a new position in Lifeway Foods during the third quarter valued at about $518,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Lifeway Foods Price Performance

Shares of LWAY traded up $1.17 during trading hours on Friday, reaching $23.56. 291,297 shares of the company’s stock traded hands, compared to its average volume of 95,258. The firm has a market capitalization of $348.45 million, a price-to-earnings ratio of 27.40 and a beta of 1.05. Lifeway Foods has a twelve month low of $9.93 and a twelve month high of $28.61. The business’s fifty day simple moving average is $24.88 and its two-hundred day simple moving average is $18.90.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.