Seneca Foods Co. (NASDAQ:SENEA) Sees Large Decrease in Short Interest

Seneca Foods Co. (NASDAQ:SENEAGet Free Report) saw a large decline in short interest in December. As of December 31st, there was short interest totalling 94,900 shares, a decline of 23.3% from the December 15th total of 123,800 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is presently 5.1 days. Approximately 2.1% of the shares of the stock are short sold.

Seneca Foods Price Performance

Shares of SENEA stock traded down $0.17 on Friday, reaching $74.29. 2,677 shares of the company were exchanged, compared to its average volume of 13,042. The company has a market cap of $511.86 million, a price-to-earnings ratio of 12.74 and a beta of 0.27. Seneca Foods has a 1 year low of $43.89 and a 1 year high of $81.39. The business has a 50-day moving average price of $73.84 and a 200 day moving average price of $65.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.33 and a current ratio of 2.64.

Hedge Funds Weigh In On Seneca Foods

A number of hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of Seneca Foods by 199.4% in the third quarter. Janney Montgomery Scott LLC now owns 13,421 shares of the company’s stock worth $837,000 after buying an additional 8,938 shares in the last quarter. Jane Street Group LLC lifted its stake in Seneca Foods by 156.7% in the 3rd quarter. Jane Street Group LLC now owns 16,034 shares of the company’s stock worth $999,000 after purchasing an additional 9,787 shares in the last quarter. AQR Capital Management LLC lifted its stake in Seneca Foods by 39.3% in the 2nd quarter. AQR Capital Management LLC now owns 14,094 shares of the company’s stock worth $809,000 after purchasing an additional 3,973 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Seneca Foods during the 3rd quarter worth approximately $380,000. Finally, Marshall Wace LLP grew its position in shares of Seneca Foods by 42.3% in the second quarter. Marshall Wace LLP now owns 46,186 shares of the company’s stock valued at $2,651,000 after purchasing an additional 13,725 shares in the last quarter. Institutional investors and hedge funds own 42.51% of the company’s stock.

Seneca Foods Company Profile

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Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; 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, Cherryman, Green Valley, and READ.

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