Village Farms International, Inc. (NASDAQ:VFF) Short Interest Up 26.1% in May

Village Farms International, Inc. (NASDAQ:VFF - Get Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,570,000 shares, an increase of 26.1% from the April 30th total of 2,830,000 shares. Approximately 3.6% of the company's stock are short sold. Based on an average daily trading volume, of 758,200 shares, the days-to-cover ratio is presently 4.7 days.

Insider Activity at Village Farms International

In other news, CFO Stephen C. Ruffini bought 25,000 shares of Village Farms International stock in a transaction on Friday, May 30th. The stock was acquired at an average cost of $1.21 per share, for a total transaction of $30,250.00. Following the completion of the acquisition, the chief financial officer now owns 9,783,127 shares of the company's stock, valued at $11,837,583.67. This trade represents a 0.26% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Village Farms International

A number of institutional investors have recently modified their holdings of the business. Lighthouse Financial LLC acquired a new position in shares of Village Farms International during the 4th quarter worth about $36,000. Raymond James Financial Inc. purchased a new stake in Village Farms International during the 4th quarter worth approximately $146,000. Tudor Investment Corp ET AL purchased a new stake in Village Farms International during the 4th quarter worth approximately $146,000. Two Sigma Advisers LP raised its holdings in shares of Village Farms International by 625.6% during the fourth quarter. Two Sigma Advisers LP now owns 193,000 shares of the company's stock valued at $149,000 after acquiring an additional 166,400 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Village Farms International by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 737,574 shares of the company's stock valued at $446,000 after acquiring an additional 35,913 shares in the last quarter. 12.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VFF. Wall Street Zen downgraded shares of Village Farms International from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Alliance Global Partners reiterated a "buy" rating on shares of Village Farms International in a report on Tuesday, May 13th.

Village Farms International Price Performance

Village Farms International stock remained flat at $1.26 during midday trading on Wednesday. The company's stock had a trading volume of 601,167 shares, compared to its average volume of 521,814. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.05 and a quick ratio of 1.09. The firm has a market capitalization of $141.54 million, a PE ratio of -2.80 and a beta of 2.17. The stock's 50-day simple moving average is $0.78 and its 200-day simple moving average is $0.76. Village Farms International has a 52 week low of $0.45 and a 52 week high of $1.32.

Village Farms International (NASDAQ:VFF - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.05). Village Farms International had a negative return on equity of 8.26% and a negative net margin of 15.16%. The firm had revenue of $77.07 million for the quarter, compared to analyst estimates of $78.44 million. As a group, equities research analysts expect that Village Farms International will post -0.15 earnings per share for the current fiscal year.

About Village Farms International

Village Farms International, Inc, together with its subsidiaries, produces, markets, and sells greenhouse-grown tomatoes, bell peppers, and cucumbers in North America. It operates through four segments: Produce, Cannabis-Canada, Cannabis-U.S., and Energy. The company also produces and supplies cannabis products to other licensed providers and provincial governments in Canada and internationally; develops and sells cannabinoid-based health and wellness products, including ingestible, edibles, and topical applications; and produces power.