Where Food Comes From, Inc. (NASDAQ:WFCF) Sees Large Decrease in Short Interest

Where Food Comes From, Inc. (NASDAQ:WFCF) saw a large decrease in short interest in December. As of December 15th, there was short interest totalling 13,600 shares, a decrease of 14.5% from the November 30th total of 15,900 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is presently 2.8 days.

Hedge Funds Weigh In On Where Food Comes From

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in Where Food Comes From during the 3rd quarter worth approximately $2,223,000. Bard Associates Inc. grew its holdings in shares of Where Food Comes From by 22.6% during the third quarter. Bard Associates Inc. now owns 60,221 shares of the company’s stock valued at $649,000 after buying an additional 11,106 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Where Food Comes From by 23.8% in the 3rd quarter. Geode Capital Management LLC now owns 25,955 shares of the company’s stock valued at $280,000 after acquiring an additional 4,984 shares during the period. 18.84% of the stock is owned by hedge funds and other institutional investors.

Where Food Comes From Stock Performance

Where Food Comes From stock opened at $12.95 on Friday. The stock has a market cap of $68.34 million, a PE ratio of 37.00 and a beta of 0.55. The stock has a 50-day moving average of $11.89 and a two-hundred day moving average of $11.43. Where Food Comes From has a one year low of $9.76 and a one year high of $13.95.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.