Village Farms International, Inc. (NASDAQ:VFF) Sees Significant Growth in Short Interest

Village Farms International, Inc. (NASDAQ:VFF) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 2,220,000 shares, an increase of 53.1% from the March 31st total of 1,450,000 shares. Based on an average daily volume of 893,600 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised their price objective on shares of Village Farms International from $1.00 to $1.20 and gave the company a “buy” rating in a research report on Thursday, March 14th.

Village Farms International Stock Performance

Shares of VFF opened at $1.36 on Friday. Village Farms International has a one year low of $0.55 and a one year high of $1.57. The stock has a market cap of $149.39 million, a price-to-earnings ratio of -4.84 and a beta of 2.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.10 and a quick ratio of 1.02. The company has a 50-day moving average of $1.05 and a two-hundred day moving average of $0.88.

Village Farms International (NASDAQ:VFF) last released its quarterly earnings results on Wednesday, March 13th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). Village Farms International had a negative net margin of 11.13% and a negative return on equity of 5.58%. The firm had revenue of $74.23 million during the quarter, compared to the consensus estimate of $70.03 million. On average, equities research analysts expect that Village Farms International will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Village Farms International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Village Farms International by 94.4% during the fourth quarter. Raymond James Trust N.A. now owns 37,063 shares of the company’s stock worth $28,000 after acquiring an additional 18,000 shares during the period. Sustainable Insight Capital Management LLC boosted its stake in Village Farms International by 32.9% during the third quarter. Sustainable Insight Capital Management LLC now owns 93,300 shares of the company’s stock worth $74,000 after buying an additional 23,100 shares in the last quarter. Key Client Fiduciary Advisors LLC boosted its stake in Village Farms International by 7.7% during the fourth quarter. Key Client Fiduciary Advisors LLC now owns 545,705 shares of the company’s stock worth $415,000 after buying an additional 39,045 shares in the last quarter. Formidable Asset Management LLC boosted its stake in Village Farms International by 28.2% during the fourth quarter. Formidable Asset Management LLC now owns 194,415 shares of the company’s stock worth $148,000 after buying an additional 42,800 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Village Farms International by 693.5% during the third quarter. Commonwealth Equity Services LLC now owns 100,690 shares of the company’s stock worth $80,000 after buying an additional 88,000 shares in the last quarter. Institutional investors own 12.15% of the company’s stock.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.