Arcadia Biosciences, Inc. (NASDAQ:RKDA) Short Interest Update

Arcadia Biosciences, Inc. (NASDAQ:RKDA) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 12,400 shares, a drop of 17.3% from the February 13th total of 15,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.9% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Arcadia Biosciences in a report on Saturday. They set a “sell” rating for the company.

Institutional Investors Weigh In On Arcadia Biosciences

An institutional investor recently bought a new position in Arcadia Biosciences stock. Geode Capital Management LLC purchased a new position in shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,297 shares of the basic materials company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 0.90% of Arcadia Biosciences as of its most recent SEC filing. 17.73% of the stock is currently owned by institutional investors and hedge funds.

Arcadia Biosciences Stock Performance

NASDAQ:RKDA traded up $0.16 on Wednesday, reaching $3.46. The company’s stock had a trading volume of 684 shares, compared to its average volume of 313,036. Arcadia Biosciences has a 1-year low of $1.85 and a 1-year high of $10.31. The business’s 50-day moving average price is $4.42 and its two-hundred day moving average price is $4.11. The firm has a market cap of $4.72 million, a PE ratio of -0.81 and a beta of 0.86.

Arcadia Biosciences Company Profile

Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.