Farmer Bros. Co. (NASDAQ:FARM) Short Interest Down 74.6% in February

Farmer Bros. Co. (NASDAQ:FARM) saw a large decline in short interest in February. As of February 28th, there was short interest totalling 155,600 shares, a decline of 74.6% from the February 13th total of 612,400 shares. Based on an average trading volume of 692,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Farmer Bros. in a research note on Thursday. They set a “hold” rating on the stock.

Institutional Trading of Farmer Bros.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Farmer Bros. by 5.8% during the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after buying an additional 11,390 shares in the last quarter. Prudential Financial Inc. purchased a new position in Farmer Bros. during the 4th quarter worth $48,000. Renaissance Technologies LLC grew its stake in shares of Farmer Bros. by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after acquiring an additional 40,200 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Farmer Bros. in the fourth quarter valued at about $36,000. Finally, Penn Capital Management Company LLC lifted its position in shares of Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock valued at $2,390,000 after purchasing an additional 295,280 shares in the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

Farmer Bros. Price Performance

Shares of FARM opened at $2.22 on Friday. The stock has a market cap of $47.41 million, a P/E ratio of -4.63 and a beta of 1.76. The business’s fifty day moving average is $2.13 and its 200 day moving average is $2.09. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.76.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. Sell-side analysts anticipate that Farmer Bros. will post -0.37 earnings per share for the current fiscal year.

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.