Farmer Bros. Co. (NASDAQ:FARM) Short Interest Down 18.5% in March

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 126,800 shares, a drop of 18.5% from the February 28th total of 155,600 shares. Based on an average daily volume of 719,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.8% of the company’s stock are sold short.

Farmer Bros. Trading Up 1.8 %

Shares of NASDAQ:FARM opened at $2.25 on Thursday. Farmer Bros. has a 52-week low of $1.60 and a 52-week high of $3.70. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. The company has a market capitalization of $48.05 million, a P/E ratio of -4.69 and a beta of 1.77. The company has a 50-day simple moving average of $2.26 and a 200 day simple moving average of $2.05.

Farmer Bros. (NASDAQ:FARM) last released 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 return on equity of 27.45% and a negative net margin of 2.92%. Sell-side analysts forecast that Farmer Bros. will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Farmer Bros. in a report on Thursday, March 13th. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Farmer Bros.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FARM. Squarepoint Ops LLC boosted its holdings in shares of Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after buying an additional 27,805 shares during the period. Millennium Management LLC bought a new position in shares of Farmer Bros. during the fourth quarter worth approximately $69,000. Jane Street Group LLC acquired a new stake in Farmer Bros. during the 4th quarter worth approximately $29,000. Penn Capital Management Company LLC boosted its stake in Farmer Bros. by 28.6% in the 4th 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 during the period. Finally, XTX Topco Ltd acquired a new position in Farmer Bros. in the 4th quarter valued at $36,000. 64.48% of the stock is owned by institutional investors.

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.