Green Plains Inc. (NASDAQ:GPRE) Short Interest Update

Green Plains Inc. (NASDAQ:GPRE) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 6,500,000 shares, a drop of 8.2% from the September 15th total of 7,080,000 shares. Based on an average daily trading volume, of 946,700 shares, the short-interest ratio is currently 6.9 days.

Green Plains Price Performance

Shares of NASDAQ GPRE opened at $11.70 on Wednesday. The business has a fifty day moving average price of $13.38 and a two-hundred day moving average price of $16.59. The stock has a market capitalization of $756.04 million, a PE ratio of -9.51 and a beta of 1.52. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. Green Plains has a fifty-two week low of $11.63 and a fifty-two week high of $31.92.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.35). The company had revenue of $618.83 million during the quarter, compared to analyst estimates of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The firm’s revenue for the quarter was down 27.8% compared to the same quarter last year. During the same period last year, the firm earned ($0.89) EPS. As a group, equities analysts predict that Green Plains will post -0.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GPRE. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lowered their price target on shares of Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Craig Hallum reduced their price objective on Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. UBS Group lowered their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial reissued a “buy” rating and set a $25.00 price target (down from $30.00) on shares of Green Plains in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Green Plains has a consensus rating of “Moderate Buy” and a consensus price target of $26.28.

Institutional Trading of Green Plains

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd bought a new position in Green Plains in the second quarter valued at approximately $29,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Green Plains during the second quarter worth $41,000. Crewe Advisors LLC acquired a new stake in shares of Green Plains in the 1st quarter valued at $150,000. DRW Securities LLC bought a new position in shares of Green Plains in the 2nd quarter valued at $168,000. Finally, Equitable Trust Co. acquired a new position in shares of Green Plains during the 2nd quarter worth $191,000.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.