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

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

Institutional Trading of Farmer Bros.

Several hedge funds and other institutional investors have recently modified their holdings of the business. PFG Investments LLC bought a new position in Farmer Bros. in the 3rd quarter worth approximately $33,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in Farmer Bros. by 58.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after purchasing an additional 7,000 shares in the last quarter. Sanders Morris Harris LLC boosted its stake in Farmer Bros. by 53.8% in the 3rd 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 period. Geode Capital Management LLC lifted its holdings in shares of Farmer Bros. by 5.8% in 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. Finally, Dimensional Fund Advisors LP boosted its position in shares of Farmer Bros. by 4.9% in the second 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 period. Institutional investors own 64.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $1.69 on Friday. The company has a market capitalization of $36.08 million, a P/E ratio of -4.69 and a beta of 1.80. The business has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $2.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 0.58. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $4.04.

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