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

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 8,554 shares, an increase of 3,509.3% from the August 31st total of 237 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 22,002 shares, the short-interest ratio is presently 0.4 days.

Armanino Foods of Distinction Stock Performance

AMNF stock traded down $0.02 during trading on Thursday, hitting $11.98. The stock had a trading volume of 8,656 shares, compared to its average volume of 40,088. The company’s 50 day moving average price is $11.16 and its two-hundred day moving average price is $10.63. Armanino Foods of Distinction has a 1-year low of $8.75 and a 1-year high of $12.25. The stock has a market cap of $367.64 million, a price-to-earnings ratio of 19.02 and a beta of 0.11.

Armanino Foods of Distinction (OTCMKTS:AMNF) last released its earnings results on Tuesday, August 11th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Armanino Foods of Distinction had a net margin of 24.57% and a return on equity of 46.16%. The company had revenue of $21.70 million for the quarter, compared to analyst estimates of $21.00 million. As a group, sell-side analysts forecast that Armanino Foods of Distinction will post 0.57 earnings per share for the current fiscal year.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc is a food manufacturer and distributor that specializes in frozen and refrigerated Italian-style specialty foods. Its product portfolio includes pesto, pasta, pasta sauces, meatballs, stuffed pasta, appetizers, and other prepared food products.

The company markets its products through several channels, including foodservice distributors, restaurants, retail grocery outlets, and industrial food customers. Its offerings are used by commercial food operators as well as consumers seeking convenient Italian-inspired meal components and prepared foods.

Armanino Foods traces its operations to 1968 and is based in Hayward, California.