Farmer Bros. Co. (NASDAQ:FARM) Short Interest Update

Farmer Bros. Co. (NASDAQ:FARM) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 612,400 shares, a growth of 650.5% from the January 31st total of 81,600 shares. Based on an average daily volume of 660,300 shares, the short-interest ratio is currently 0.9 days. Approximately 3.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Farmer Bros.

Several institutional investors have recently bought and sold shares of the stock. Global Wealth Management Investment Advisory Inc. increased its stake in Farmer Bros. by 58.3% in 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 during the period. Geode Capital Management LLC grew 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 purchasing an additional 11,390 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Farmer Bros. in the fourth quarter worth $29,000. PFG Investments LLC bought a new stake in Farmer Bros. during the 3rd quarter valued at $33,000. Finally, XTX Topco Ltd purchased a new stake in Farmer Bros. during the 4th quarter valued at $36,000. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Farmer Bros. in a report on Tuesday. They issued a “hold” rating for the company.

Farmer Bros. Trading Up 0.3 %

Shares of FARM traded up $0.01 during mid-day trading on Friday, reaching $3.01. The company’s stock had a trading volume of 358,794 shares, compared to its average volume of 1,056,608. Farmer Bros. has a 52 week low of $1.60 and a 52 week high of $3.86. The stock has a market cap of $64.28 million, a PE ratio of -6.27 and a beta of 1.78. The company’s fifty day moving average price is $1.98 and its two-hundred day moving average price is $2.10. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate 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%. On average, analysts predict 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.