Short Interest in S&W Seed (NASDAQ:SANW) Drops By 21.1%

S&W Seed (NASDAQ:SANW) was the recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 56,900 shares, a decline of 21.1% from the May 31st total of 72,100 shares. Based on an average daily trading volume, of 63,800 shares, the short-interest ratio is presently 0.9 days.

S&W Seed Stock Performance

NASDAQ:SANW traded down $0.00 during trading hours on Friday, hitting $0.36. 165,446 shares of the company were exchanged, compared to its average volume of 85,709. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.36. S&W Seed has a 52-week low of $0.24 and a 52-week high of $1.33. The company’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.46. The stock has a market capitalization of $15.60 million, a price-to-earnings ratio of -0.61 and a beta of 0.93.

S&W Seed (NASDAQ:SANW) last announced its quarterly earnings data on Tuesday, May 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. S&W Seed had a negative net margin of 36.60% and a negative return on equity of 33.78%. The firm had revenue of $18.32 million during the quarter. During the same period in the prior year, the company earned ($0.07) earnings per share. As a group, research analysts forecast that S&W Seed will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of S&W Seed in a research report on Wednesday. They issued a “sell” rating on the stock.

S&W Seed Company Profile

S&W Seed Company, an agricultural company, engages in breeding, growing, processing, and selling alfalfa and sorghum seeds. The company also offers sunflower, stevia, camelina, wheat, and pasture seeds. It sells its seeds to distributors and dealers in 40 countries. The company was founded in 1980 and is headquartered in Longmont, Colorado.