Farmer Bros. Co. (NASDAQ:FARM) Sees Large Decline in Short Interest

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 126,800 shares, a decrease of 18.5% from the February 28th total of 155,600 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 719,400 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in shares of Farmer Bros. in the fourth quarter worth about $29,000. XTX Topco Ltd purchased a new stake in shares of Farmer Bros. during the 4th quarter worth approximately $36,000. Prudential Financial Inc. bought a new position in shares of Farmer Bros. during the 4th quarter valued at approximately $48,000. Millennium Management LLC purchased a new position in shares of Farmer Bros. in the fourth quarter valued at $69,000. Finally, Squarepoint Ops LLC increased its position in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after purchasing an additional 27,805 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Farmer Bros. Stock Down 1.8 %

NASDAQ FARM opened at $2.22 on Tuesday. 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. has a 12 month low of $1.60 and a 12 month high of $3.76. The stock’s 50 day moving average is $2.24 and its 200 day moving average is $2.05. The stock has a market cap of $47.41 million, a PE ratio of -4.63 and a beta of 1.77.

Farmer Bros. (NASDAQ:FARM) last issued its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Research analysts predict that Farmer Bros. will post -0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Farmer Bros. in a research note on Thursday, March 13th. They set a “hold” rating on the stock.

Farmer Bros. Company Profile

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.