Seneca Foods Co. (NASDAQ:SENEB) Short Interest Update
by Renee Jackson · The Cerbat GemSeneca Foods Co. (NASDAQ:SENEB – Get Free Report) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 521 shares, a decline of 32.6% from the March 15th total of 773 shares. Based on an average trading volume of 388 shares, the short-interest ratio is currently 1.3 days.
Hedge Funds Weigh In On Seneca Foods
An institutional investor recently raised its position in Seneca Foods stock. Vanguard Group Inc. raised its stake in Seneca Foods Co. (NASDAQ:SENEB – Free Report) by 24.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,429 shares of the consumer goods maker’s stock after buying an additional 3,617 shares during the quarter. Vanguard Group Inc.’s holdings in Seneca Foods were worth $2,009,000 as of its most recent SEC filing. 3.39% of the stock is owned by institutional investors.
Seneca Foods Price Performance
Shares of NASDAQ SENEB traded down $2.04 on Tuesday, hitting $162.94. The company had a trading volume of 478 shares, compared to its average volume of 431. Seneca Foods has a 12-month low of $86.92 and a 12-month high of $164.98. The business has a 50 day moving average of $136.02 and a two-hundred day moving average of $121.79.
Seneca Foods (NASDAQ:SENEB – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The consumer goods maker reported $6.19 EPS for the quarter. The business had revenue of $508.35 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a “hold (c)” rating on shares of Seneca Foods in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Report on SENEB
Seneca Foods Company Profile
Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and bottled produce; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby's, Aunt Nellie's, READ, Green Valley, Paradise, Seneca Farms, and CherryMan. It also packs Green Giant, Le Sueur, and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America under a contract packing agreement.