The Andersons, Inc. (NASDAQ:ANDE) Sees Significant Decrease in Short Interest

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

Institutional Trading of Andersons

Several institutional investors have recently modified their holdings of the stock. nVerses Capital LLC purchased a new position in shares of Andersons in the 2nd quarter valued at $25,000. Innealta Capital LLC purchased a new position in shares of Andersons during the second quarter worth about $57,000. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 828 shares in the last quarter. Truvestments Capital LLC purchased a new stake in shares of Andersons in the 3rd quarter valued at about $98,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Andersons in the 1st quarter valued at about $193,000. Hedge funds and other institutional investors own 87.06% of the company’s stock.

Andersons Stock Up 2.6 %

Andersons stock opened at $48.27 on Friday. The stock has a market cap of $1.64 billion, a PE ratio of 13.79 and a beta of 0.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.98 and a quick ratio of 1.23. The stock’s fifty day moving average is $48.05 and its two-hundred day moving average is $49.66. Andersons has a 1-year low of $41.76 and a 1-year high of $61.46.

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

Analysts Set New Price Targets

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

Andersons Company Profile

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.