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Short Interest in Else Nutrition Holdings Inc. (OTCMKTS:BABYF) Declines By 27.3%

Defense World ·  Feb 14, 2023 04:01

Else Nutrition Holdings Inc. (OTCMKTS:BABYF – Get Rating) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 234,300 shares, a decline of 27.3% from the January 15th total of 322,500 shares. Based on an average daily volume of 95,000 shares, the short-interest ratio is presently 2.5 days.

Else Nutrition Price Performance

Shares of BABYF stock opened at $0.51 on Tuesday. The stock's 50 day simple moving average is $0.44 and its 200 day simple moving average is $0.51. 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. The company has a market capitalization of $56.99 million and a price-to-earnings ratio of -2.81.

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Else Nutrition (OTCMKTS:BABYF – Get Rating) last issued its quarterly earnings data on Monday, November 14th. The company reported ($0.02) earnings per share for the quarter. Else Nutrition had a negative net margin of 342.93% and a negative return on equity of 110.15%. The company had revenue of $1.71 million during the quarter.

Wall Street Analysts Forecast Growth

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

About Else Nutrition

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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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