Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Short Interest Up 343.4% in May

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 4,363 shares, a growth of 343.4% from the May 14th total of 984 shares. Based on an average daily trading volume, of 336,358 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Armanino Foods of Distinction Trading Down 0.5%

Shares of AMNF stock opened at $10.15 on Friday. The company has a market capitalization of $315.46 million, a P/E ratio of 16.37 and a beta of 0.08. The business’s 50 day moving average is $10.32 and its two-hundred day moving average is $10.88. Armanino Foods of Distinction has a 12-month low of $7.88 and a 12-month high of $12.25.

Armanino Foods of Distinction (OTCMKTS:AMNF) last issued its quarterly earnings results on Thursday, March 19th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $19.50 million for the quarter, compared to the consensus estimate of $19.40 million. Armanino Foods of Distinction had a return on equity of 47.01% and a net margin of 25.06%. On average, research analysts predict that Armanino Foods of Distinction will post 0.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $15.00.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.