The Andersons, Inc. (NASDAQ:ANDE) Short Interest Down 18.0% in October

The Andersons, Inc. (NASDAQ:ANDE) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 728,600 shares, a drop of 18.0% from the October 15th total of 888,300 shares. Approximately 2.3% of the company’s shares are short sold. Based on an average trading volume of 150,300 shares, the short-interest ratio is currently 4.8 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in Andersons during the 2nd quarter worth about $25,000. Innealta Capital LLC acquired a new position in Andersons in the 2nd quarter valued at $57,000. EverSource Wealth Advisors LLC grew its holdings in Andersons by 323.4% during the first quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the basic materials company’s stock worth $60,000 after acquiring an additional 828 shares during the period. Truvestments Capital LLC purchased a new stake in shares of Andersons in the 3rd quarter worth about $98,000. Finally, SG Americas Securities LLC acquired a new position in shares of Andersons in the first quarter worth $193,000. Institutional investors and hedge funds own 87.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Andersons from a “hold” rating to a “buy” rating in a research note on Wednesday.

Andersons Stock Performance

Shares of ANDE stock traded up $1.04 during trading hours on Friday, hitting $48.08. The company’s stock had a trading volume of 93,670 shares, compared to its average volume of 171,380. The company has a 50 day moving average of $48.04 and a 200 day moving average of $49.76. The company has a current ratio of 1.98, a quick ratio of 1.23 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1.64 billion, a PE ratio of 13.51 and a beta of 0.60. Andersons has a 12-month low of $41.76 and a 12-month high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.43 by $0.37. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. Andersons had a net margin of 1.06% and a return on equity of 8.21%. The firm’s revenue was down 27.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company’s Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.