Short Interest in S&W Seed (NASDAQ:SANW) Decreases By 95.8%

S&W Seed (NASDAQ:SANW) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 400 shares, a decline of 95.8% from the September 30th total of 9,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on S&W Seed in a research report on Thursday. They issued a “sell” rating for the company.

S&W Seed Stock Performance

Shares of S&W Seed stock traded up $0.20 during midday trading on Friday, hitting $2.55. The company had a trading volume of 39,598 shares, compared to its average volume of 5,545. The company has a fifty day simple moving average of $4.45 and a 200 day simple moving average of $5.86. The stock has a market cap of $5.81 million, a price-to-earnings ratio of -0.23 and a beta of 0.95. The company has a quick ratio of 0.36, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. S&W Seed has a 12-month low of $2.13 and a 12-month high of $15.39.

About S&W Seed

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.