Farmer Bros. Co. (NASDAQ:FARM) Short Interest Update

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 81,600 shares, a decrease of 5.4% from the January 15th total of 86,300 shares. Based on an average trading volume of 556,000 shares, the days-to-cover ratio is presently 0.1 days.

Farmer Bros. Stock Up 10.5 %

Shares of FARM opened at $2.43 on Thursday. The company has a market cap of $51.88 million, a PE ratio of -5.06 and a beta of 1.78. The business has a fifty day moving average of $1.82 and a 200 day moving average of $2.08. Farmer Bros. has a 52-week low of $1.60 and a 52-week high of $3.86. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. On average, sell-side analysts expect that Farmer Bros. will post -0.37 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Farmer Bros. in a research report on Monday. They set a “hold” rating for the company.

Institutional Trading of Farmer Bros.

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its position in Farmer Bros. by 5.8% in the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after buying an additional 11,390 shares during the last quarter. PFG Investments LLC purchased a new stake in Farmer Bros. in the third quarter worth $33,000. Global Wealth Management Investment Advisory Inc. increased its stake in Farmer Bros. by 58.3% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after purchasing an additional 7,000 shares during the period. Millennium Management LLC purchased a new stake in Farmer Bros. in the fourth quarter worth $69,000. Finally, Squarepoint Ops LLC increased its stake in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after purchasing an additional 27,805 shares during the period. 64.48% of the stock is currently owned by institutional investors.

About Farmer Bros.

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.