S&W Seed (NASDAQ:SANW) Short Interest Down 15.3% in April

S&W Seed (NASDAQ:SANW) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 36,100 shares, a decrease of 15.3% from the March 31st total of 42,600 shares. Based on an average daily volume of 104,900 shares, the short-interest ratio is currently 0.3 days.

S&W Seed Price Performance

Shares of S&W Seed stock remained flat at $0.42 during trading hours on Tuesday. 18,484 shares of the stock were exchanged, compared to its average volume of 92,130. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.42 and a current ratio of 1.04. S&W Seed has a 12-month low of $0.37 and a 12-month high of $1.39. The business’s 50 day simple moving average is $0.47 and its 200 day simple moving average is $0.57. The stock has a market cap of $17.98 million, a PE ratio of 1.48 and a beta of 0.93.

S&W Seed (NASDAQ:SANW) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.13) earnings per share (EPS) for the quarter. The company had revenue of $10.87 million during the quarter. S&W Seed had a net margin of 18.36% and a negative return on equity of 28.69%. As a group, sell-side analysts forecast that S&W Seed will post -0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on S&W Seed in a report on Tuesday, April 23rd. They set a “sell” rating for the company.

Institutional Investors Weigh In On S&W Seed

A hedge fund recently raised its stake in S&W Seed stock. Wynnefield Capital Inc. raised its holdings in shares of S&W Seed (NASDAQ:SANW) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,070,637 shares of the company’s stock after buying an additional 139,701 shares during the period. S&W Seed comprises approximately 2.1% of Wynnefield Capital Inc.’s investment portfolio, making the stock its 8th biggest position. Wynnefield Capital Inc. owned 9.46% of S&W Seed worth $4,559,000 at the end of the most recent quarter. Institutional investors own 61.68% of the company’s stock.

About S&W Seed

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.