Ricebran Technologie shares had a trading volume of 1,375 by the end of trading on Tuesday. Shares saw a steep decrease in trading volume of 89.20% under the normal average daily volume.
Investors are more bearish on the company lately if you evaluate the change in short interest. The firm experienced a rise in short interest of 2.37% as of October 13, 2017 from the last reporting period. Short interest grew from 86,184 to 88,226 over that period. Days to cover increased 3.0 to 6.0 and the percentage of shorted shares is 0.01% as of October 13.
These funds have shifted positions in (RIBT). As of the end of the quarter Renaissance Technologies LLC had bought 7,100 shares growing its position 18.5%. The value of the total investment in Ricebran Technologie increased from $33,000 to $44,000 increasing 33.3% since the last quarter. As of quarter end Blackrock Inc. had disposed of a total of 4,994 shares trimming its holdings by 59.8%. The value of the company’s investment in Ricebran Technologie went from $7,000 to $3,000 a change of $4,000 for the reporting period.
Sabby Management, LLC trimmed its ownership by shedding 332,708 shares a decrease of 42.7% in the quarter. Sabby Management, LLC owns 446,847 shares worth $429,000. The value of the position overall is down by 36.0%. Ubs Group Ag downsized its stake by selling 47,764 shares a decrease of 95.5% as of 06/30/2017. Ubs Group Ag now controls 2,236 shares valued at $2,000. The total value of its holdings decreased 95.3%.
In the market the company is trading down since yesterday’s close of 1.22. The most current P/E ratio is N/A and the market cap is 20.02M. In the latest earnings report the EPS was $-0.69 with 16.88M shares currently outstanding.
RiceBran Technologies, launched on March 18, 1998, is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments: USA and Brazil. The Business’s USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Business’s Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products..