Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Large Growth in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 101 shares, a growth of 188.6% from the June 15th total of 35 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 59,555 shares, the short-interest ratio is currently 0.0 days.

Armanino Foods of Distinction Price Performance

Shares of AMNF stock opened at $10.21 on Wednesday. The business has a fifty day moving average of $10.31 and a 200 day moving average of $10.75. Armanino Foods of Distinction has a 1 year low of $7.98 and a 1 year high of $12.25. The firm has a market capitalization of $312.96 million, a price-to-earnings ratio of 16.47 and a beta of 0.08.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised shares of Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $15.00.

Armanino Foods of Distinction Company Profile

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.