Australian Oilseeds Holdings Limited (NASDAQ:COOT – Get Free Report) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 108,561 shares, a decrease of 33.8% from the April 15th total of 163,981 shares. Approximately 1.3% of the shares of the company are sold short. Based on an average daily volume of 126,066 shares, the short-interest ratio is presently 0.9 days.
Australian Oilseeds Stock Performance
COOT opened at $0.61 on Monday. Australian Oilseeds has a 1-year low of $0.41 and a 1-year high of $4.50. The company has a market capitalization of $17.02 million, a PE ratio of -15.25 and a beta of 0.12. The firm’s 50 day simple moving average is $0.62 and its two-hundred day simple moving average is $0.74.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Australian Oilseeds in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Australian Oilseeds currently has a consensus rating of “Sell”.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. purchased a new position in Australian Oilseeds Holdings Limited (NASDAQ:COOT – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned 0.21% of Australian Oilseeds at the end of the most recent quarter. Hedge funds and other institutional investors own 12.95% of the company’s stock.
About Australian Oilseeds
Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.
Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.
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