Australian Oilseeds Holdings Limited (NASDAQ:COOT) Short Interest Update

Australian Oilseeds Holdings Limited (NASDAQ:COOT) was the target of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 108,561 shares, a drop of 33.8% from the April 15th total of 163,981 shares. Based on an average daily volume of 126,066 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Australian Oilseeds stock. Yakira Capital Management Inc. acquired a new position in shares of Australian Oilseeds Holdings Limited (NASDAQ:COOT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 58,105 shares of the company’s stock, valued at approximately $30,000. Yakira Capital Management Inc. owned about 0.21% of Australian Oilseeds at the end of the most recent quarter. 12.95% of the stock is owned by institutional investors.

Australian Oilseeds Stock Up 1.3%

Shares of Australian Oilseeds stock opened at $0.60 on Wednesday. Australian Oilseeds has a 52-week low of $0.41 and a 52-week high of $4.50. The company has a 50 day moving average of $0.62 and a 200 day moving average of $0.73. The company has a market capitalization of $16.68 million, a P/E ratio of -14.95 and a beta of 0.12.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Australian Oilseeds in a research note on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Australian Oilseeds Company Profile

Australian Oilseeds Limited (Nasdaq: COOT) is an Australia-based plant-based ingredients company specializing in the cultivation, processing and distribution of functional food seeds. The company’s core product lines include organic and non-GMO chia, hemp, quinoa and buckwheat seeds, as well as derived powders, oils and protein concentrates. Operating from its processing facility in New South Wales, Australian Oilseeds oversees its supply chain from local farmer partnerships through to finished ingredients for food manufacturers and health-oriented brands.

Product applications span the nutritional supplement, functional food and plant-based protein markets, with clients in Australia, North America, Europe and Asia.