S&W Seed (NASDAQ:SANW) Short Interest Down 15.3% in April

S&W Seed (NASDAQ:SANW) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 36,100 shares, a decline of 15.3% from the March 31st total of 42,600 shares. Based on an average daily trading volume, of 104,900 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on S&W Seed in a report on Tuesday, April 23rd. They set a “sell” rating on the stock.

S&W Seed Price Performance

Shares of SANW stock remained flat at $0.42 on Tuesday. 18,484 shares of the stock were exchanged, compared to its average volume of 92,130. The firm has a market capitalization of $17.98 million, a PE ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.04 and a quick ratio of 0.42. The firm has a 50 day simple moving average of $0.47 and a 200-day simple moving average of $0.57. S&W Seed has a 52-week low of $0.37 and a 52-week high of $1.39.

S&W Seed (NASDAQ:SANW) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $10.87 million for the quarter. S&W Seed had a negative return on equity of 28.69% and a net margin of 18.36%. On average, sell-side analysts forecast that S&W Seed will post -0.15 earnings per share for the current fiscal year.

Institutional Trading of S&W Seed

A hedge fund recently raised its stake in S&W Seed stock. Wynnefield Capital Inc. grew its stake in S&W Seed (NASDAQ:SANW) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,070,637 shares of the company’s stock after buying an additional 139,701 shares during the period. S&W Seed accounts for about 2.1% of Wynnefield Capital Inc.’s holdings, making the stock its 8th biggest holding. Wynnefield Capital Inc. owned 9.46% of S&W Seed worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission. 61.68% of the stock is owned by institutional investors and hedge funds.

About S&W Seed

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.