Arcadia Biosciences, Inc. (NASDAQ:RKDA) Sees Significant Increase in Short Interest

Arcadia Biosciences, Inc. (NASDAQ:RKDAGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 6,339 shares, a growth of 297.4% from the April 15th total of 1,595 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 39,192 shares, the days-to-cover ratio is currently 0.2 days.

Arcadia Biosciences Price Performance

Shares of Arcadia Biosciences stock traded down $0.11 during trading on Friday, hitting $0.96. The stock had a trading volume of 59,616 shares, compared to its average volume of 32,421. Arcadia Biosciences has a fifty-two week low of $0.89 and a fifty-two week high of $6.71. The business has a fifty day moving average of $1.41 and a two-hundred day moving average of $2.33. The firm has a market cap of $1.97 million, a P/E ratio of -0.56 and a beta of 0.52.

Arcadia Biosciences (NASDAQ:RKDAGet Free Report) last announced its quarterly earnings data on Thursday, May 14th. The basic materials company reported ($2.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.80) by ($1.31). The business had revenue of $1.10 million during the quarter, compared to analyst estimates of $1.60 million. Arcadia Biosciences had a positive return on equity of 37.36% and a negative net margin of 48.15%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Arcadia Biosciences from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Arcadia Biosciences currently has an average rating of “Sell”.

Read Our Latest Stock Report on RKDA

Arcadia Biosciences Company Profile

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Arcadia Biosciences, Inc, founded in 2002 and headquartered in Davis, California, is an agricultural biotechnology company dedicated to developing crops and food ingredients that promote health and sustainability. By harnessing advanced genomics and precision‐breeding technologies, Arcadia creates proprietary trait platforms designed to enhance crop performance, nutritional value, and resilience to environmental stressors. The company’s scientific expertise focuses on non-transgenic approaches, enabling the delivery of novel traits without introducing foreign DNA.

Arcadia’s operations span two main segments: Crop Traits and Food Ingredients.

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