RiceBran Technologies (NASDAQ:RIBT) Short Interest Update

RiceBran Technologies (NASDAQ:RIBT) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totalling 150,200 shares, an increase of 31.3% from the August 15th total of 114,400 shares. Based on an average daily trading volume, of 56,400 shares, the short-interest ratio is currently 2.7 days. Approximately 2.4% of the shares of the company are sold short.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of RiceBran Technologies in a research note on Wednesday. They set a “sell” rating on the stock.

Institutional Investors Weigh In On RiceBran Technologies

A number of institutional investors have recently added to or reduced their stakes in RIBT. UBS Group AG boosted its position in shares of RiceBran Technologies by 1,828.1% during the second quarter. UBS Group AG now owns 38,561 shares of the company’s stock worth $26,000 after acquiring an additional 36,561 shares during the last quarter. Virtu Financial LLC bought a new position in shares of RiceBran Technologies during the 4th quarter valued at about $32,000. LPL Financial LLC purchased a new position in shares of RiceBran Technologies during the fourth quarter valued at about $43,000. Jane Street Group LLC increased its holdings in shares of RiceBran Technologies by 112.9% in the second quarter. Jane Street Group LLC now owns 69,811 shares of the company’s stock worth $47,000 after purchasing an additional 37,014 shares during the last quarter. Finally, State Street Corp purchased a new stake in shares of RiceBran Technologies in the first quarter worth about $69,000. 3.52% of the stock is owned by hedge funds and other institutional investors.

RiceBran Technologies Price Performance

Shares of RIBT traded down $0.01 during trading hours on Friday, reaching $0.48. 84,221 shares of the stock traded hands, compared to its average volume of 84,617. The company has a market cap of $3.17 million, a P/E ratio of -0.19 and a beta of 0.44. The company has a current ratio of 0.51, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The company’s 50-day moving average price is $0.76 and its two-hundred day moving average price is $0.90. RiceBran Technologies has a 52-week low of $0.45 and a 52-week high of $2.28.

RiceBran Technologies (NASDAQ:RIBT) last announced its quarterly earnings data on Monday, August 21st. The company reported ($0.27) EPS for the quarter. RiceBran Technologies had a negative net margin of 44.17% and a negative return on equity of 80.06%. The business had revenue of $6.27 million during the quarter.

RiceBran Technologies Company Profile

RiceBran Technologies, together with its subsidiaries, operates as a specialty ingredient company in the United States and internationally. It focuses on development, production, and marketing of products derived from rice and other small and ancient grains for the nutraceutical, healthy food, companion animal, and equine feed categories.