Australian Oilseeds Holdings Limited (NASDAQ:COOT – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 542,567 shares, a drop of 52.9% from the August 31st total of 1,150,994 shares. Based on an average daily volume of 328,440 shares, the short-interest ratio is presently 1.7 days. Currently, 6.3% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Monday, September 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Stock Report on COOT
Australian Oilseeds Trading Down 4.7%
Institutional Investors Weigh In On Australian Oilseeds
A hedge fund recently bought a new position in Australian Oilseeds stock. Yakira Capital Management Inc. bought a new position in Australian Oilseeds Holdings Limited (NASDAQ:COOT – Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 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. 12.95% of the stock is owned by hedge funds and other institutional investors.
About Australian Oilseeds
Australian Oilseeds Holdings Limited (NASDAQ: COOT) is an Australian agricultural and food-processing company focused on oilseed products. The company processes oilseeds into edible oils and protein-rich meal used in food manufacturing, animal feed and related commercial applications.
Its activities include sourcing and handling oilseeds, operating processing facilities, and marketing finished oil and meal products. The company’s business is primarily centered on the Australian market and supply chain, although its products may serve domestic and international customers.
Australian Oilseeds Holdings Limited is structured as a holding company with operating activities conducted through its Australian subsidiaries.
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