Australian Oilseeds Holdings Limited (NASDAQ:COOT) Short Interest Down 33.8% in April

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 108,561 shares, a decrease of 33.8% from the April 15th total of 163,981 shares. Currently, 1.3% of the shares of the stock are short sold. Based on an average daily volume of 126,066 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Australian Oilseeds

A hedge fund recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. bought a new stake in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned approximately 0.21% of Australian Oilseeds as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 12.95% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Australian Oilseeds Stock Performance

COOT opened at $0.61 on Monday. The stock has a market capitalization of $17.02 million, a price-to-earnings ratio of -15.25 and a beta of 0.12. The company has a fifty day moving average of $0.62 and a 200 day moving average of $0.74. Australian Oilseeds has a fifty-two week low of $0.41 and a fifty-two week high of $4.50.

About Australian Oilseeds

Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.

Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.