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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNFGet Free Report) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 237 shares, a decline of 96.6% from the August 15th total of 7,044 shares. Based on an average daily volume of 51,138 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Armanino Foods of Distinction Price Performance

OTCMKTS AMNF traded down $0.04 on Thursday, hitting $11.60. The stock had a trading volume of 17,536 shares, compared to its average volume of 41,245. The business’s fifty day moving average price is $10.86 and its 200 day moving average price is $10.60. The stock has a market cap of $356.00 million, a price-to-earnings ratio of 18.41 and a beta of 0.11. Armanino Foods of Distinction has a 52-week low of $8.75 and a 52-week high of $12.25.

Armanino Foods of Distinction (OTCMKTS:AMNFGet Free Report) last issued its quarterly earnings data 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 return on equity of 46.16% and a net margin of 24.57%.The firm had revenue of $21.70 million during the quarter, compared to analyst estimates of $21.00 million. As a group, sell-side analysts anticipate that Armanino Foods of Distinction will post 0.57 EPS for the current year.

About Armanino Foods of Distinction

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Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.

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