Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Significant Increase in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF – Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,554 shares, an increase of 3,509.3% from the August 31st total of 237 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 22,002 shares, the short-interest ratio is presently 0.4 days.

Armanino Foods of Distinction Price Performance

Shares of OTCMKTS AMNF traded down $0.02 on Thursday, hitting $11.98. The company’s stock had a trading volume of 8,656 shares, compared to its average volume of 40,088. Armanino Foods of Distinction has a 12-month low of $8.75 and a 12-month high of $12.25. The company has a market capitalization of $367.64 million, a price-to-earnings ratio of 19.02 and a beta of 0.11. The stock has a 50 day moving average of $11.16 and a 200-day moving average of $10.63.

Armanino Foods of Distinction (OTCMKTS:AMNF – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. Armanino Foods of Distinction had a net margin of 24.57% and a return on equity of 46.16%. The business had revenue of $21.70 million for the quarter, compared to analyst estimates of $21.00 million. Sell-side analysts expect that Armanino Foods of Distinction will post 0.57 EPS for the current fiscal year.

Armanino Foods of Distinction Company Profile

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Armanino Foods of Distinction, Inc is a food manufacturer and distributor that specializes in frozen and refrigerated Italian-style specialty foods. Its product portfolio includes pesto, pasta, pasta sauces, meatballs, stuffed pasta, appetizers, and other prepared food products.

The company markets its products through several channels, including foodservice distributors, restaurants, retail grocery outlets, and industrial food customers. Its offerings are used by commercial food operators as well as consumers seeking convenient Italian-inspired meal components and prepared foods.

Armanino Foods traces its operations to 1968 and is based in Hayward, California.

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