Australian Oilseeds Holdings Limited (NASDAQ:COOT) Short Interest Down 42.6% in March

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the target of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 29,500 shares, a drop of 42.6% from the February 28th total of 51,400 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 23,200 shares, the days-to-cover ratio is presently 1.3 days.

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. Clear Street Derivatives LLC bought a new stake in Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 44,405 shares of the company’s stock, valued at approximately $39,000. Australian Oilseeds comprises approximately 0.0% of Clear Street Derivatives LLC’s portfolio, making the stock its 24th biggest position. Clear Street Derivatives LLC owned approximately 0.19% of Australian Oilseeds as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 12.95% of the company’s stock.

Australian Oilseeds Stock Performance

NASDAQ:COOT traded down $0.05 during trading on Friday, reaching $1.28. The company’s stock had a trading volume of 1,924 shares, compared to its average volume of 40,791. Australian Oilseeds has a 12 month low of $0.61 and a 12 month high of $1.75. The firm has a 50 day moving average of $1.31 and a 200-day moving average of $1.07. The company has a quick ratio of 0.28, a current ratio of 0.52 and a debt-to-equity ratio of 21.67.

About Australian Oilseeds

Australian Oilseeds Holdings Ltd. engages in the manufacture and sale oil seeds through its subsidiaries. It focuses on acquiring, engaging in a share exchange, share reconstruction, and amalgamation with, purchasing all or substantially all the assets of, entering contractual arrangements with, or engaging in any other similar business combination with one or more businesses or entities.