Green Plains Inc. (NASDAQ:GPRE) Short Interest Up 7.6% in March

Green Plains Inc. (NASDAQ:GPREGet Free Report) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 6,220,000 shares, an increase of 7.6% from the February 29th total of 5,780,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is currently 5.4 days.

Green Plains Price Performance

Shares of Green Plains stock opened at $22.80 on Tuesday. Green Plains has a one year low of $19.44 and a one year high of $36.02. The business has a 50-day simple moving average of $21.73 and a 200 day simple moving average of $24.73. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50.

Green Plains (NASDAQ:GPREGet Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $782.01 million. Green Plains had a negative net margin of 2.83% and a negative return on equity of 9.67%. Green Plains’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.66) EPS. As a group, analysts anticipate that Green Plains will post 0.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ejnar A. Knudsen III acquired 4,000 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now directly owns 40,913 shares in the company, valued at $1,011,778.49. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Green Plains during the fourth quarter valued at about $26,000. Pinebridge Investments L.P. purchased a new stake in shares of Green Plains during the second quarter worth about $33,000. Covestor Ltd boosted its holdings in shares of Green Plains by 8,023.1% during the first quarter. Covestor Ltd now owns 1,056 shares of the specialty chemicals company’s stock worth $33,000 after purchasing an additional 1,043 shares during the period. Advisors Asset Management Inc. purchased a new stake in shares of Green Plains during the first quarter worth about $46,000. Finally, Natixis purchased a new stake in shares of Green Plains during the second quarter worth about $58,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group decreased their price target on Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. Truist Financial reissued a “buy” rating and set a $35.00 price objective on shares of Green Plains in a report on Tuesday, March 26th. Roth Mkm reissued a “buy” rating and set a $55.00 price objective on shares of Green Plains in a report on Monday, March 25th. The Goldman Sachs Group cut their price objective on Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Finally, TheStreet downgraded Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Read Our Latest Research Report on Green Plains

About Green Plains

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Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.

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