Suja Life, Inc. (NASDAQ:SUJA) Short Interest Update

Key Points

• Short interest surged 49.4% to 1.08 million shares as of August 14, representing approximately 2.8% of Suja Life’s outstanding stock. The short-interest ratio remained low at 0.8 days based on average trading volume.
• Analyst sentiment is mixed but leans positive, with a consensus “Moderate Buy” rating and a $26.67 price target. Recent actions included a Goldman Sachs “buy” reaffirmation, a William Blair downgrade to “market perform,” and a Weiss Ratings “sell” rating.
• Suja Life’s latest quarterly results missed earnings expectations, reporting a $0.14 per-share loss versus the expected $0.20 profit, although revenue rose 11.2% year over year to $83.86 million. Insiders have continued buying shares, including a recent 185,000-share purchase by a major shareholder.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 1,077,957 shares, an increase of 49.4% from the July 30th total of 721,651 shares. Approximately 2.8% of the company's stock are short sold. Based on an average daily volume of 1,315,301 shares, the short-interest ratio is currently 0.8 days.

Analyst Ratings Changes

SUJA has been the topic of a number of recent analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Suja Life in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Suja Life to a "hold" rating in a research note on Tuesday, June 2nd. William Blair downgraded shares of Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of Suja Life in a research note on Wednesday, August 5th. They issued a "sell (e-)" rating on the stock. Finally, Evercore started coverage on Suja Life in a research note on Monday, June 1st. They issued an "outperform" rating and a $24.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

Suja Life Trading Up 1.6%

Shares of Suja Life stock traded up $0.16 during trading hours on Tuesday, reaching $10.23. The company's stock had a trading volume of 202,315 shares, compared to its average volume of 524,524. Suja Life has a one year low of $5.59 and a one year high of $18.48. The business's 50 day moving average price is $9.13. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53.

Suja Life (NASDAQ:SUJA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.34). The company had revenue of $83.86 million for the quarter. The business's revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities analysts expect that Suja Life will post 0.1 earnings per share for the current year.

Insider Transactions at Suja Life

In other news, major shareholder Schwartz Food Chain Fund Paine acquired 185,000 shares of the firm's stock in a transaction on Friday, August 28th. The stock was bought at an average cost of $9.33 per share, with a total value of $1,726,050.00. Following the transaction, the insider directly owned 11,096,253 shares in the company, valued at approximately $103,528,040.49. This represents a 1.70% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have acquired 1,650,260 shares of company stock worth $12,672,970.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Suja Life stock. Readystate Asset Management LP bought a new position in Suja Life, Inc. (NASDAQ:SUJA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life at the end of the most recent reporting period.

Suja Life Company Profile

Suja Life Inc operates as a holding company, through its subsidiaries, offers organic cold-pressed juices, wellness shots and functional sodas. Suja Life Inc is based in Oceanside, California.

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