Leading Brands Inc shares had a trading volume of 409K by the end of trading on Tuesday. Overall, volume was down 88.14% under the stocks normal daily volume.
Traders are feeling more bearish on shares of the company of late as indicated by the uptick in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 2,782.61%. Short interest increased from 5,429 to 156,497 over that period. With short interest at 156,497 and short average daily volume at 4,037,680, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.06% as of October 13.
The following firms have recently changed their position in LBIX. As of the end of the quarter Tower Research Capital LLC (trc) had sold a total of 139 shares trimming its holdings by 40.9%. The value in dollars went from $1,000 to $0 a change of 100.0% since the last quarter. As of quarter end Bahl & Gaynor Inc had disposed of 160 shares trimming its position 0.9%. The value of the investment in Leading Brands Inc decreased from $30,000 to $28,000 a change of $2,000 for the reporting period.
As of quarter end Renaissance Technologies LLC had sold a total of 200 shares trimming its stake by 0.4%. The value of the total investment in Leading Brands Inc decreased from $82,000 to $76,000 decreasing 7.3% quarter to quarter.
The company is trading up from yesterday’s close of $1.49. It is currently trading at $1.49 slightly over $1.36, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $1.55. The 50 day moving average went up $0.13 or +9.96% and the 200 day average went down by -4.07%.
Leading Brands, Inc. (Leading Brands), launched on February 4, 1986, and its subsidiaries are engaged in the development, production, marketing and distribution of the Business’s branded and licensed beverage brands, as well as production services for certain other customers. The Business’s principal operations consist of an integrated bottling and distribution system for beverages. The Company sells beverage products through its integrated distribution system (IDS) of distributors, wholesalers and grocery chains. Its principal product lines include juices and other premium beverages. The Business’s bottling plant provides bottling services for the Business’s own products and for external customers, as requested. The Business’s beverage brands include TrueBlue, PureBlue and HappyWater..