Short Interest in Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF) Expands By 55.4%

Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 50,500 shares, an increase of 55.4% from the May 15th total of 32,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 28,900 shares, the days-to-cover ratio is presently 1.7 days.

Armanino Foods of Distinction Stock Performance

Shares of AMNF opened at $8.10 on Friday. The business's 50-day moving average is $7.76 and its two-hundred day moving average is $7.66. The company has a market capitalization of $255.13 million, a P/E ratio of 20.25 and a beta of 0.15. Armanino Foods of Distinction has a fifty-two week low of $5.14 and a fifty-two week high of $8.20.

Armanino Foods of Distinction (OTCMKTS:AMNF - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.12 EPS for the quarter. The firm had revenue of $16.98 million for the quarter. Armanino Foods of Distinction had a return on equity of 41.38% and a net margin of 19.11%.

Armanino Foods of Distinction Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 4th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, April 4th. This is a positive change from Armanino Foods of Distinction's previous quarterly dividend of $0.03. Armanino Foods of Distinction's dividend payout ratio (DPR) is currently 32.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Armanino Foods of Distinction to a "buy" rating in a report on Saturday.

Armanino Foods of Distinction Company Profile

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle.

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