Short Interest in Where Food Comes From, Inc. (NASDAQ:WFCF) Declines By 22.6%

Where Food Comes From, Inc. (NASDAQ:WFCF) was the recipient of a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 12,700 shares, a decrease of 22.6% from the May 31st total of 16,400 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 2,900 shares, the short-interest ratio is currently 4.4 days.

Where Food Comes From Price Performance

NASDAQ WFCF opened at $12.11 on Friday. The stock’s fifty day moving average price is $12.24 and its 200 day moving average price is $12.57. Where Food Comes From has a 1 year low of $10.00 and a 1 year high of $14.77. The company has a market cap of $65.10 million, a price-to-earnings ratio of 31.05 and a beta of 0.51.

Where Food Comes From (NASDAQ:WFCF) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.03 earnings per share for the quarter. The company had revenue of $5.58 million for the quarter. Where Food Comes From had a return on equity of 20.76% and a net margin of 8.68%.

Institutional Investors Weigh In On Where Food Comes From

A hedge fund recently raised its stake in Where Food Comes From stock. Bard Associates Inc. increased its holdings in shares of Where Food Comes From, Inc. (NASDAQ:WFCF) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,150 shares of the company’s stock after acquiring an additional 1,535 shares during the period. Bard Associates Inc. owned approximately 0.81% of Where Food Comes From worth $612,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 18.84% of the company’s stock.

About Where Food Comes From

Where Food Comes From, Inc, together with its subsidiaries, operates as a third-party food verification company in North America. The company operates through Verification and Certification, and Professional Services segments. It conducts on-site and desk audits to verify that claims being made about livestock, food, other specialty crops, and agricultural and aquaculture products are accurate, as well as offers Where Food Comes From Source Verified retail and restaurant labeling program, which connects consumers directly to the source of the food they purchase through product labeling, and web-based information sharing and education.