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Else Nutrition Holdings Inc. (OTCMKTS:BABYF) Short Interest Down 18.2% in February

kopsource ·  2023/03/04 10:43

Else Nutrition Holdings Inc. (OTCMKTS:BABYF – Get Rating) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 191,700 shares, a decrease of 18.2% from the January 31st total of 234,300 shares. Based on an average trading volume of 150,100 shares, the days-to-cover ratio is presently 1.3 days.

Else Nutrition Trading Up 6.5 %

Shares of OTCMKTS BABYF traded up $0.04 during mid-day trading on Friday, hitting $0.63. 169,871 shares of the stock were exchanged, compared to its average volume of 62,970. The stock's fifty day simple moving average is $0.47 and its two-hundred day simple moving average is $0.50. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.81 and a current ratio of 8.54. Else Nutrition has a twelve month low of $0.30 and a twelve month high of $1.28.

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Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price target on shares of Else Nutrition from C$2.00 to C$1.50 and set a "buy" rating for the company in a report on Tuesday, November 15th.

Else Nutrition Company Profile

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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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