John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Up 13.8% in December

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 166,200 shares, an increase of 13.8% from the November 30th total of 146,000 shares. Based on an average daily volume of 74,100 shares, the days-to-cover ratio is presently 2.2 days. Currently, 1.9% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, StockNews.com cut John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

John B. Sanfilippo & Son Stock Up 1.5 %

Shares of NASDAQ:JBSS opened at $87.11 on Wednesday. The firm has a fifty day moving average price of $86.67 and a two-hundred day moving average price of $93.00. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 18.73 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 0.66. John B. Sanfilippo & Son has a one year low of $79.07 and a one year high of $108.96.

Hedge Funds Weigh In On John B. Sanfilippo & Son

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at about $29,000. DekaBank Deutsche Girozentrale bought a new stake in John B. Sanfilippo & Son during the third quarter valued at approximately $33,000. Copeland Capital Management LLC purchased a new position in John B. Sanfilippo & Son in the 3rd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of John B. Sanfilippo & Son in the 3rd quarter worth $66,000. Finally, Quest Partners LLC purchased a new stake in shares of John B. Sanfilippo & Son during the 2nd quarter valued at $68,000. 70.64% of the stock is currently owned by hedge funds and other institutional investors.

About John B. Sanfilippo & Son

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.