Amira Nature Foods Ltd (NYSE:ANFI) Short Interest Update

Amira Nature Foods Ltd (NYSE:ANFI) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totalling 2,455,000 shares, a decline of 5.8% from the May 30th total of 2,606,400 shares. Currently, 14.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 306,100 shares, the short-interest ratio is currently 8.0 days.

Separately, Jefferies Financial Group set a $24.00 price objective on shares of Guess? and gave the stock a “buy” rating in a report on Thursday, March 21st.

A hedge fund recently bought a new stake in Amira Nature Foods stock. Raging Capital Management LLC acquired a new position in shares of Amira Nature Foods Ltd (NYSE:ANFI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 144,396 shares of the company’s stock, valued at approximately $61,000. Raging Capital Management LLC owned approximately 0.39% of Amira Nature Foods at the end of the most recent quarter. 12.36% of the stock is owned by institutional investors and hedge funds.

ANFI stock opened at $0.75 on Monday. The stock has a market capitalization of $27.64 million, a P/E ratio of -8.29 and a beta of 2.32. Amira Nature Foods has a 52 week low of $0.30 and a 52 week high of $2.13. The business’s 50-day moving average is $0.85.

Amira Nature Foods Company Profile

Amira Nature Foods Ltd. engages in processing, sourcing, and selling packaged Indian specialty rice. The company provides various types of basmati rice, other specialty rice and other food products, ready-to-eat snacks, edible oils, and organic products for retailers under the Amira brand; and non-basmati rice.

Further Reading: What can cause a stock to outperform?

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