John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Sees Large Growth in Short Interest

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 165,400 shares, an increase of 19.0% from the October 31st total of 139,000 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average trading volume of 72,600 shares, the short-interest ratio is presently 2.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

John B. Sanfilippo & Son Stock Up 0.9 %

John B. Sanfilippo & Son stock traded up $0.80 on Monday, hitting $87.15. 57,010 shares of the stock traded hands, compared to its average volume of 63,542. The business’s fifty day simple moving average is $89.82 and its 200 day simple moving average is $94.96. The firm has a market cap of $1.01 billion, a P/E ratio of 18.57 and a beta of 0.11. The company has a current ratio of 2.06, a quick ratio of 0.66 and a debt-to-equity ratio of 0.02. John B. Sanfilippo & Son has a 1 year low of $79.07 and a 1 year high of $108.96.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of institutional investors and hedge funds have recently made changes to their positions in JBSS. BNP Paribas Financial Markets raised its stake in John B. Sanfilippo & Son by 248.7% during the third quarter. BNP Paribas Financial Markets now owns 40,413 shares of the company’s stock valued at $3,811,000 after buying an additional 28,822 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of John B. Sanfilippo & Son in the 3rd quarter worth about $2,610,000. Pacer Advisors Inc. boosted its stake in John B. Sanfilippo & Son by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 345,252 shares of the company’s stock worth $33,548,000 after purchasing an additional 21,069 shares in the last quarter. Weiss Asset Management LP purchased a new stake in John B. Sanfilippo & Son during the 3rd quarter valued at about $1,678,000. Finally, Barclays PLC lifted its stake in shares of John B. Sanfilippo & Son by 386.6% in the third quarter. Barclays PLC now owns 18,471 shares of the company’s stock worth $1,741,000 after buying an additional 14,675 shares in the last quarter. Institutional investors own 70.64% of the company’s stock.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.