Short Interest in John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Decreases By 8.2%

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John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 276,100 shares, a decrease of 8.2% from the June 30th total of 300,900 shares. Based on an average daily volume of 60,600 shares, the short-interest ratio is currently 4.6 days. Approximately 3.3% of the company’s stock are short sold.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBSS. Public Employees Retirement System of Ohio lifted its holdings in shares of John B. Sanfilippo & Son by 49.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 552 shares of the company’s stock valued at $31,000 after purchasing an additional 182 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of John B. Sanfilippo & Son in the second quarter valued at $40,000. BNP Paribas Arbitrage SA lifted its holdings in shares of John B. Sanfilippo & Son by 2,467.1% in the first quarter. BNP Paribas Arbitrage SA now owns 1,797 shares of the company’s stock valued at $129,000 after purchasing an additional 1,727 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of John B. Sanfilippo & Son by 193.7% in the second quarter. Bank of Montreal Can now owns 1,674 shares of the company’s stock valued at $133,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of John B. Sanfilippo & Son by 365.0% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 2,748 shares of the company’s stock valued at $153,000 after purchasing an additional 2,157 shares in the last quarter. Institutional investors own 70.44% of the company’s stock.

Separately, BidaskClub lowered John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Shares of JBSS traded up $0.85 during mid-day trading on Thursday, reaching $80.31. The company’s stock had a trading volume of 64,538 shares, compared to its average volume of 51,583. The business has a fifty day moving average of $82.14 and a 200 day moving average of $75.48. The company has a market cap of $914.57 million, a price-to-earnings ratio of 26.96 and a beta of 1.06. John B. Sanfilippo & Son has a 1 year low of $53.12 and a 1 year high of $88.70. The company has a quick ratio of 0.57, a current ratio of 2.13 and a debt-to-equity ratio of 0.09.

The firm also recently announced an annual dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 6th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, August 5th. This represents a dividend yield of 0.74%. This is a positive change from John B. Sanfilippo & Son’s previous annual dividend of $0.55.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.

Further Reading: Diversification in Investing

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