Where Food Comes From Inc. (NASDAQ:WFCF) Short Interest Update

Where Food Comes From Inc. (NASDAQ:WFCF) saw a large increase in short interest in March. As of March 31st, there was short interest totaling 9,003 shares, an increase of 27.7% from the March 15th total of 7,049 shares. Based on an average trading volume of 2,518 shares, the short-interest ratio is presently 3.6 days. Approximately 0.4% of the shares of the stock are short sold.

Where Food Comes From Price Performance

NASDAQ:WFCF opened at $12.33 on Thursday. The firm has a market capitalization of $62.24 million, a price-to-earnings ratio of 41.10 and a beta of 0.19. The company’s 50-day moving average is $12.24 and its two-hundred day moving average is $12.15. Where Food Comes From has a 1-year low of $9.26 and a 1-year high of $13.78.

Where Food Comes From (NASDAQ:WFCF) last posted its earnings results on Thursday, February 26th. The company reported ($0.04) earnings per share for the quarter. The firm had revenue of $6.04 million during the quarter. Where Food Comes From had a net margin of 6.17% and a return on equity of 15.69%.

Hedge Funds Weigh In On Where Food Comes From

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Where Food Comes From by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 160,911 shares of the company’s stock valued at $2,164,000 after purchasing an additional 5,017 shares during the last quarter. Aristides Capital LLC boosted its holdings in Where Food Comes From by 4.2% in the 4th quarter. Aristides Capital LLC now owns 32,551 shares of the company’s stock valued at $374,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new position in Where Food Comes From in the 4th quarter valued at about $152,000. 18.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Where Food Comes From in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold”.

About Where Food Comes From

Where Food Comes From, Inc (NASDAQ: WFCF) is a food traceability and certification company headquartered in Caldwell, Idaho. Established from a ranch-to-plate verification program launched in 2005, the company now offers a suite of services designed to authenticate product attributes, verify production claims and enhance supply-chain transparency for agricultural producers and food brands.

The company’s core offerings include third-party certification audits, program development, on-farm risk assessments and digital traceability solutions.