Short Interest in Clever Leaves Holdings Inc. (NASDAQ:CLVR) Increases By 64.8%

Clever Leaves Holdings Inc. (NASDAQ:CLVR) was the recipient of a large growth in short interest in March. As of March 31st, there was short interest totalling 20,100 shares, a growth of 64.8% from the March 15th total of 12,200 shares. Based on an average daily trading volume, of 24,100 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of Clever Leaves

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in Clever Leaves in the 3rd quarter worth about $68,000. Renaissance Technologies LLC raised its position in Clever Leaves by 1,531.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,138,423 shares of the company’s stock worth $1,111,000 after purchasing an additional 1,068,623 shares during the period. Vanguard Group Inc. raised its position in Clever Leaves by 78.5% in the 3rd quarter. Vanguard Group Inc. now owns 447,000 shares of the company’s stock worth $270,000 after purchasing an additional 196,531 shares during the period. Vident Investment Advisory LLC increased its position in shares of Clever Leaves by 79.0% during the first quarter. Vident Investment Advisory LLC now owns 54,690 shares of the company’s stock worth $136,000 after acquiring an additional 24,143 shares during the period. Finally, State Street Corp increased its position in shares of Clever Leaves by 64.8% during the third quarter. State Street Corp now owns 102,217 shares of the company’s stock worth $62,000 after acquiring an additional 40,200 shares during the period. 6.92% of the stock is owned by hedge funds and other institutional investors.

Clever Leaves Price Performance

Shares of NASDAQ CLVR opened at $4.53 on Friday. The firm’s 50-day moving average price is $4.13 and its 200-day moving average price is $3.06. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.63 and a current ratio of 2.40. Clever Leaves has a 12-month low of $1.72 and a 12-month high of $10.95.

About Clever Leaves

Clever Leaves Holdings Inc operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally.