Australian Oilseeds Holdings Limited (NASDAQ:COOT) Short Interest Up 1,430.9% in October

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 2,970,000 shares, a growth of 1,430.9% from the September 30th total of 194,000 shares. Approximately 34.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,720,000 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 4,720,000 shares, the days-to-cover ratio is presently 0.6 days. Approximately 34.4% of the shares of the company are short sold.

Australian Oilseeds Stock Up 0.6%

COOT stock opened at $1.71 on Tuesday. The company has a market capitalization of $47.71 million, a P/E ratio of -42.75 and a beta of -0.11. Australian Oilseeds has a 12 month low of $0.45 and a 12 month high of $4.50. The firm’s fifty day simple moving average is $0.85 and its 200-day simple moving average is $0.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.54 and a quick ratio of 0.33.

Australian Oilseeds (NASDAQ:COOT) last posted its earnings results on Tuesday, September 30th. The company reported $0.01 earnings per share (EPS) for the quarter. Australian Oilseeds had a negative net margin of 2.98% and a negative return on equity of 104.19%. The company had revenue of $7.39 million during the quarter.

Hedge Funds Weigh In On Australian Oilseeds

An institutional investor recently bought a new position in Australian Oilseeds stock. HighTower Advisors LLC bought a new position in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 244,872 shares of the company’s stock, valued at approximately $313,000. HighTower Advisors LLC owned 1.05% of Australian Oilseeds as of its most recent SEC filing. Institutional investors and hedge funds own 12.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Australian Oilseeds in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Australian Oilseeds presently has an average rating of “Sell”.

Australian Oilseeds Company Profile

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.