Short Interest in Village Farms International (NASDAQ:VFF) Rises By 39.1%

Village Farms International (NASDAQ:VFF) was the recipient of a significant growth in short interest in the month of February. As of February 14th, there was short interest totalling 4,270,000 shares, a growth of 39.1% from the January 30th total of 3,070,000 shares. Based on an average daily volume of 925,000 shares, the short-interest ratio is presently 4.6 days. Approximately 10.2% of the shares of the stock are sold short.

VFF has been the subject of several research reports. Raymond James set a $11.00 price objective on Village Farms International and gave the stock an “outperform” rating in a research report on Thursday, November 28th. Craig Hallum reduced their target price on Village Farms International from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Finally, Zacks Investment Research upgraded Village Farms International from a “sell” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $15.69.

VFF stock traded up $0.09 during trading on Wednesday, hitting $4.29. The stock had a trading volume of 645,000 shares, compared to its average volume of 938,992. The stock has a market cap of $232.23 million and a price-to-earnings ratio of 16.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 2.10. The company’s 50 day moving average price is $5.40 and its two-hundred day moving average price is $7.74. Village Farms International has a 1-year low of $4.16 and a 1-year high of $18.10.

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Village Farms International in the fourth quarter valued at approximately $260,000. Bank of America Corp DE lifted its position in Village Farms International by 6.2% during the fourth quarter. Bank of America Corp DE now owns 70,600 shares of the company’s stock valued at $440,000 after buying an additional 4,100 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in Village Farms International during the fourth quarter worth approximately $141,000. Penserra Capital Management LLC grew its stake in Village Farms International by 24.4% during the fourth quarter. Penserra Capital Management LLC now owns 25,440 shares of the company’s stock worth $141,000 after buying an additional 4,998 shares during the period. Finally, Formidable Asset Management LLC purchased a new stake in Village Farms International during the fourth quarter worth approximately $102,000. Institutional investors own 10.68% of the company’s stock.

Village Farms International Company Profile

Village Farms International, Inc, together with its subsidiaries, produces, markets, and distributes greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. The company operates in two segments, Produce Business and Energy Business. It also owns and operates a 7.0 megawatt power plant that generates and sells electricity to British Columbia Hydro and Power Authority.

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