(NASDAQ:LBIX) shares saw light trading volume with 151K shares changing hands by the end of trading on Tuesday. Overall, volume was down 89.90% under the stocks normal daily volume.
Investors are more bearish lately if you take a look at the uptick in short interest. The company realized a rise in short interest of 2,782.61% as of the latest report on October 13, 2017. 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, the short-interest ratio is 0.0 and the percentage of shorted shares was 0.06% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (LBIX). As of the end of the quarter Tower Research Capital LLC (trc) had disposed of a total of 139 shares trimming its position 40.9%. The value of the investment in LBIX decreased from $1,000 to $0 a change of 100.0% since the last quarter. Renaissance Technologies LLC reduced its holdings by selling 200 shares a decrease of 0.4% as of 06/30/2017. Renaissance Technologies LLC controls 45,400 shares with a value of $76,000. The value of the position overall is down by 7.3%.
As of quarter end Bahl & Gaynor Inc had sold 2,000 shares trimming its holdings by 12.0%. The value of the investment in Leading Brands went from $28,000 to $12,000 a change of $16,000 quarter to quarter.
The company is trading up by 1.19% percent from yesterday’s close. Leading Brands’s P/E ratio is N/A and market capitalization is 4.76M. In the latest earnings report the EPS was $-0.87 with 2.80M shares outstanding.
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..