Australian Oilseeds Holdings Limited (NASDAQ:COOT) Short Interest Up 118.4% in July

Australian Oilseeds Holdings Limited (NASDAQ:COOT) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 136,664 shares, an increase of 118.4% from the July 15th total of 62,563 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average trading volume of 264,619 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a research report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Australian Oilseeds Stock Performance

NASDAQ COOT traded down $0.03 during trading hours on Friday, hitting $0.43. 5,256 shares of the company’s stock traded hands, compared to its average volume of 174,983. Australian Oilseeds has a 52 week low of $0.35 and a 52 week high of $4.50. The firm has a market capitalization of $12.00 million, a P/E ratio of -10.75 and a beta of 0.15. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.14. The business’s fifty day moving average price is $0.50 and its two-hundred day moving average price is $0.58.

Australian Oilseeds (NASDAQ:COOT) last released its quarterly earnings results on Monday, June 22nd. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $7.62 million for the quarter.

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) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 and Exchange Commission (SEC). 12.95% of the stock is owned by institutional investors and hedge funds.

Australian Oilseeds Company Profile

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.