Short Interest in American Vanguard Co. (NYSE:AVD) Declines By 19.3%

American Vanguard Co. (NYSE:AVD - Get Free Report) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 800,700 shares, a decrease of 19.3% from the March 15th total of 992,800 shares. Currently, 3.0% of the shares of the stock are sold short. Based on an average trading volume of 264,200 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital set a $14.00 target price on American Vanguard in a research report on Tuesday, January 21st.

American Vanguard Price Performance

Shares of AVD stock traded down $0.08 during trading hours on Friday, hitting $4.11. 112,550 shares of the company's stock were exchanged, compared to its average volume of 280,001. The firm has a 50 day moving average of $4.42 and a two-hundred day moving average of $5.06. American Vanguard has a fifty-two week low of $3.28 and a fifty-two week high of $12.67. The firm has a market cap of $118.32 million, a P/E ratio of -3.99 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 1.89 and a debt-to-equity ratio of 0.55.

Institutional Trading of American Vanguard

Several institutional investors have recently modified their holdings of the stock. Pullen Investment Management LLC raised its position in shares of American Vanguard by 36.4% during the 1st quarter. Pullen Investment Management LLC now owns 243,143 shares of the basic materials company's stock worth $1,070,000 after purchasing an additional 64,901 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of American Vanguard by 2.0% during the fourth quarter. Wellington Management Group LLP now owns 1,498,061 shares of the basic materials company's stock valued at $6,936,000 after acquiring an additional 29,713 shares during the last quarter. Mackenzie Financial Corp purchased a new position in shares of American Vanguard in the fourth quarter valued at approximately $474,000. Public Employees Retirement System of Ohio acquired a new stake in shares of American Vanguard in the fourth quarter worth approximately $144,000. Finally, Two Sigma Investments LP increased its position in shares of American Vanguard by 7.1% during the fourth quarter. Two Sigma Investments LP now owns 200,443 shares of the basic materials company's stock worth $928,000 after purchasing an additional 13,347 shares in the last quarter. Institutional investors and hedge funds own 79.04% of the company's stock.

About American Vanguard

American Vanguard Corporation, through its subsidiaries, develops, manufactures, and markets specialty chemicals for agricultural, commercial, and consumer uses in the United States and internationally. It manufactures and formulates chemicals, including insecticides, fungicides, herbicides, soil health, plant nutrition, molluscicides, growth regulators, soil fumigants, and biorationals in liquid, powder, and granular forms for crops, turf and ornamental plants, and human and animal health protection.