Short Interest in Village Super Market, Inc. (NASDAQ:VLGEA) Drops By 24.3%

Key Points

• Short interest in Village Super Market, Inc. (NASDAQ:VLGEA) dropped by 24.3% in August, with current short interest totaling 84,900 shares.
• The company's shares rose by 1.3% to $39.79, and it boasts a market cap of $587.30 million, alongside a low of $28.33 and a high of $40.15 over the past year.
• Village Super Market declared a quarterly dividend of $0.25, representing an annual yield of 2.5%, with a payout ratio of 26.39%.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 84,900 shares, a drop of 24.3% from the August 15th total of 112,100 shares. Based on an average daily volume of 56,400 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the company's stock are short sold. Currently, 0.8% of the company's stock are short sold. Based on an average daily volume of 56,400 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Village Super Market from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its position in shares of Village Super Market by 13.4% during the second quarter. American Century Companies Inc. now owns 338,828 shares of the company's stock valued at $13,045,000 after buying an additional 40,163 shares during the period. Money Concepts Capital Corp boosted its position in shares of Village Super Market by 1.6% during the first quarter. Money Concepts Capital Corp now owns 322,838 shares of the company's stock valued at $12,271,000 after buying an additional 5,122 shares during the period. Geode Capital Management LLC boosted its position in shares of Village Super Market by 3.3% during the second quarter. Geode Capital Management LLC now owns 188,941 shares of the company's stock valued at $7,276,000 after buying an additional 5,972 shares during the period. Bridgeway Capital Management LLC boosted its position in shares of Village Super Market by 3.9% during the second quarter. Bridgeway Capital Management LLC now owns 135,482 shares of the company's stock valued at $5,216,000 after buying an additional 5,110 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Village Super Market by 114.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 106,601 shares of the company's stock valued at $4,104,000 after buying an additional 56,959 shares during the period. Hedge funds and other institutional investors own 39.02% of the company's stock.

Village Super Market Price Performance

Shares of VLGEA stock traded down $0.60 during trading hours on Friday, hitting $38.68. The stock had a trading volume of 249,157 shares, compared to its average volume of 37,711. The stock has a market capitalization of $570.76 million, a price-to-earnings ratio of 10.21 and a beta of 0.53. Village Super Market has a one year low of $28.33 and a one year high of $40.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 0.78. The stock's 50-day moving average price is $36.47 and its two-hundred day moving average price is $36.47.

Village Super Market Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.6%. Village Super Market's dividend payout ratio is currently 26.39%.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.