Green Plains Inc (NASDAQ:GPRE) Short Interest Up 56.9% in June

Green Plains Inc (NASDAQ:GPRE) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 6,726,700 shares, a growth of 56.9% from the May 30th total of 4,286,100 shares. Based on an average trading volume of 717,400 shares, the days-to-cover ratio is currently 9.4 days. Currently, 18.9% of the shares of the company are sold short.

Several equities analysts have weighed in on GPRE shares. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c+” rating in a report on Monday, July 1st. Finally, Zacks Investment Research lowered Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.50.

NASDAQ GPRE traded up $0.01 on Friday, hitting $10.73. 372,910 shares of the stock traded hands, compared to its average volume of 1,091,597. The stock’s fifty day simple moving average is $11.88. Green Plains has a 12 month low of $10.17 and a 12 month high of $19.39. The company has a market cap of $443.66 million, a price-to-earnings ratio of -4.94 and a beta of 1.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.41 and a quick ratio of 0.49.

Green Plains (NASDAQ:GPRE) last announced its quarterly earnings data on Wednesday, May 8th. The specialty chemicals company reported ($1.06) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.68). Green Plains had a negative net margin of 0.08% and a negative return on equity of 10.48%. The firm had revenue of $642.30 million for the quarter, compared to the consensus estimate of $779.84 million. During the same period last year, the company posted ($0.60) earnings per share. Green Plains’s revenue for the quarter was down 38.6% on a year-over-year basis. On average, analysts forecast that Green Plains will post -0.95 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 24th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.47%. The ex-dividend date was Thursday, May 23rd. Green Plains’s dividend payout ratio (DPR) is -22.12%.

In related news, Director Alain Treuer sold 5,270 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $13.06, for a total transaction of $68,826.20. Following the completion of the sale, the director now directly owns 329,173 shares of the company’s stock, valued at $4,298,999.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in shares of Green Plains in the fourth quarter worth $9,877,000. Highbridge Capital Management LLC bought a new position in shares of Green Plains in the fourth quarter worth $8,731,000. Donald Smith & CO. Inc. bought a new position in shares of Green Plains in the first quarter worth $4,055,000. Penn Capital Management Co. Inc. bought a new position in shares of Green Plains in the fourth quarter worth $2,684,000. Finally, Citigroup Inc. boosted its holdings in shares of Green Plains by 1,628.8% in the fourth quarter. Citigroup Inc. now owns 133,773 shares of the specialty chemicals company’s stock worth $1,753,000 after acquiring an additional 126,035 shares during the period. 99.25% of the stock is owned by institutional investors and hedge funds.

About Green Plains

Green Plains Inc produces, markets, and distributes ethanol in the United States and internationally. The company operates in four segments: Ethanol Production; Agribusiness and Energy Services; Food and Ingredients; and Partnership. The Ethanol Production segment produces and sells ethanol, distiller grains, and corn oil.

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