Else Nutrition Holdings Inc. (OTCMKTS:BABYF – Get Rating) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 297,600 shares, a drop of 20.3% from the July 15th total of 373,200 shares. Based on an average daily trading volume, of 275,700 shares, the days-to-cover ratio is currently 1.1 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price objective on Else Nutrition from C$2.50 to C$2.00 and set a "buy" rating on the stock in a research report on Thursday, June 30th.

Else Nutrition Price Performance

Shares of Else Nutrition stock opened at $0.68 on Monday. The firm has a fifty day moving average price of $0.62 and a 200 day moving average price of $0.86. Else Nutrition has a 1 year low of $0.42 and a 1 year high of $2.92.

About Else Nutrition

Else Nutrition Holdings Inc engages in the development, production, and sale of food and nutrition products for infants, toddlers, children, and adults in North America and Israel. It offers baby snacks; baby feeding accessories, such as feeding bottles and teats; plant-based baby formula products; toddler, children, and adult nutrition products; and complementary food products.

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