Short Interest in The Andersons, Inc. (NASDAQ:ANDE) Grows By 35.6%

Key Points

• Andersons, Inc. experienced a **35.6% increase** in short interest in August, with total short interest rising to **630,200 shares**.
• The company has a consensus rating of **"Moderate Buy"** from analysts, with a target price set at **$51.67** despite recent downgrades.
• Andersons announced a quarterly dividend of **$0.195 per share**, representing a **1.9% dividend yield**, to be paid on **October 22nd**.

The Andersons, Inc. (NASDAQ:ANDE - Get Free Report) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 630,200 shares, a growth of 35.6% from the July 31st total of 464,600 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 309,200 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 309,200 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Andersons

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ANDE. Voloridge Investment Management LLC acquired a new stake in Andersons in the 4th quarter valued at about $8,651,000. Millennium Management LLC boosted its stake in shares of Andersons by 3,547.8% in the 4th quarter. Millennium Management LLC now owns 204,532 shares of the basic materials company's stock valued at $8,288,000 after purchasing an additional 198,925 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Andersons by 262.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 273,377 shares of the basic materials company's stock valued at $10,047,000 after purchasing an additional 198,029 shares during the last quarter. Walnut Level Capital LLC bought a new position in shares of Andersons in the 2nd quarter valued at about $6,989,000. Finally, D. E. Shaw & Co. Inc. bought a new position in shares of Andersons in the 4th quarter valued at about $7,354,000. Institutional investors and hedge funds own 87.06% of the company's stock.

Andersons Price Performance

ANDE traded down $0.67 during midday trading on Friday, hitting $40.23. The company had a trading volume of 150,390 shares, compared to its average volume of 230,420. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.30 and a current ratio of 2.01. The company has a market capitalization of $1.38 billion, a PE ratio of 17.12 and a beta of 0.67. Andersons has a twelve month low of $31.03 and a twelve month high of $51.58. The firm's 50-day simple moving average is $38.37 and its 200-day simple moving average is $38.29.

Andersons (NASDAQ:ANDE - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.29). The company had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.86 billion. Andersons had a net margin of 0.70% and a return on equity of 5.28%. The company's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. Equities research analysts predict that Andersons will post 3.11 EPS for the current fiscal year.

Andersons Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Wednesday, October 1st will be given a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, October 1st. Andersons's dividend payout ratio (DPR) is presently 33.19%.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Andersons from a "buy" rating to a "hold" rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.67.

About Andersons

The Andersons, Inc operates in trade, renewables, and nutrient and industrial sectors in the United States, Canada, Mexico, Egypt, Switzerland, and internationally. It operates through three segments: Trade, Renewables, and Nutrient & Industrial. The company's Trade segment operates grain elevators; stores commodities; and provides grain marketing, risk management, and origination services, as well as sells commodities, such as corn, soybeans, wheat, oats, ethanol, and corn oil.