The Andersons, Inc. (NASDAQ:ANDE) Short Interest Down 18.0% in October

The Andersons, Inc. (NASDAQ:ANDE) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 728,600 shares, a drop of 18.0% from the October 15th total of 888,300 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 150,300 shares, the short-interest ratio is presently 4.8 days.

Andersons Trading Up 2.2 %

Shares of Andersons stock traded up $1.04 during trading on Friday, reaching $48.08. 93,670 shares of the company were exchanged, compared to its average volume of 171,380. The business has a 50-day moving average price of $48.04 and a 200-day moving average price of $49.76. The company has a quick ratio of 1.23, a current ratio of 1.98 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.51 and a beta of 0.60. Andersons has a twelve month low of $41.76 and a twelve month high of $61.46.

Andersons (NASDAQ:ANDE) last issued its quarterly earnings data on Monday, November 4th. The basic materials company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.37. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.90 billion. Andersons had a return on equity of 8.21% and a net margin of 1.06%. Andersons’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Andersons from a “hold” rating to a “buy” rating in a research report on Wednesday.

Institutional Trading of Andersons

Several institutional investors and hedge funds have recently bought and sold shares of ANDE. Pacer Advisors Inc. increased its position in shares of Andersons by 8.8% during the 2nd quarter. Pacer Advisors Inc. now owns 3,737,703 shares of the basic materials company’s stock worth $185,390,000 after purchasing an additional 303,711 shares during the last quarter. American Century Companies Inc. increased its holdings in Andersons by 16.8% during the second quarter. American Century Companies Inc. now owns 933,968 shares of the basic materials company’s stock worth $46,325,000 after buying an additional 134,126 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Andersons by 23.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 652,579 shares of the basic materials company’s stock worth $32,720,000 after acquiring an additional 124,468 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Andersons in the 2nd quarter valued at about $2,311,000. Finally, Victory Capital Management Inc. increased its stake in shares of Andersons by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 456,624 shares of the basic materials company’s stock worth $22,649,000 after purchasing an additional 36,594 shares during the last quarter. Institutional investors own 87.06% of the company’s stock.

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.