The stock is trading at $1.49 a bit higher than the 50 day moving average of $1.36 and which is marginally lower than the 200 day moving average of $1.55. The 50 day moving average was up by +9.96% and the 200 day average moved down $-0.06. 409K shares changed hands in the last trading session. Shares saw a steep decrease in trading volume of 88.14% under the normal average daily volume.
Investors are more bearish on shares of the company recently at least if you consider the change in short interest. The company recorded a rise in short interest of 2,782.61% as of October 13, 2017 from the last reporting period. Short shares increased from 5,429 to 156,497 over that timeframe. With short interest at 156,497 and short average daily volume at 4,037,680, days to cover is 0.0 and the percentage of shorted shares is 0.06% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Tower Research Capital LLC (trc) had sold 139 shares trimming its holdings by 40.9%. The value of the investment in (LBIX) went from $1,000 to $0 decreasing 100.0% for the reporting period. Bahl & Gaynor Inc cut its position by shedding 160 shares a decrease of 0.9% from 03/31/2017 to 06/30/2017. Bahl & Gaynor Inc claims 16,700 shares valued at $28,000. The value of the position overall is down by 6.7%.
As of quarter end Renaissance Technologies LLC had disposed of a total of 200 shares trimming its position 0.4%. The value of the investment in LBIX decreased from $82,000 to $76,000 a change of $6,000 quarter over quarter.
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..