Else Nutrition Holdings Inc. (OTCMKTS:BABYF – Get Rating) was the recipient of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 135,300 shares, a drop of 54.5% from the July 31st total of 297,600 shares. Based on an average daily volume of 269,300 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Canaccord Genuity Group decreased their price target on Else Nutrition from C$2.50 to C$2.00 and set a "buy" rating for the company in a report on Thursday, June 30th.

Else Nutrition Price Performance

Else Nutrition stock traded up $0.05 during midday trading on Friday, reaching $0.62. The company's stock had a trading volume of 170,573 shares, compared to its average volume of 151,135. The stock's 50 day simple moving average is $0.55 and its 200 day simple moving average is $0.83. Else Nutrition has a fifty-two week low of $0.42 and a fifty-two week high of $2.48.

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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