(NASDAQ:SENEA) shares saw heavy trading volume with 28K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 85.19% over the normal average daily volume.
Traders are more bullish on Seneca Foods Corp. of late if you consider the downtick in short interest. The company saw a fall in short interest of -21.04% as of the latest report on October 13, 2017. Short interest decreased from 161,784 to 127,748 over that timeframe. Days to cover decreased from 8.0 to 8.0 and the percentage of shorted shares is 0.01% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of quarter end Pennsylvania Trust Co had bought a total of 4,500 shares growing its position 0.6%. The value in dollars increased from $22,276,000 to $24,906,000 a change of 11.8% quarter over quarter. As of the end of the quarter Bank Of Montreal /can/ had disposed of 116 shares trimming its stake by 53.7%. The value of the total investment in Seneca Foods Corp. went from $7,000 to $3,000 a change of $4,000 for the reporting period.
P.r. Herzig & Co. Inc. cut its ownership by shedding 600 shares a decrease of 0.8% in the quarter. P.r. Herzig & Co. Inc. claims 75,550 shares valued at $2,606,000. The value of the position overall is up by 10.2%. Parkside Financial Bank & Trust grew its investment by buying 7 shares an increase of 140.0%. Parkside Financial Bank & Trust currently owns 12 shares worth $0. The total value of its holdings decreased nan%.
The company is up by 6.82% since yesterday’s close of $36.00. It is currently trading at $36.00 which is a tad above the 50 day moving average of $33.70 and a great deal higher than the 200 day moving average of $32.05. The 50 day moving average moved up $2.30 and the 200 day average moved up $3.95.
The company currently has a P/E ratio of 30.28 and the market value is 354.46M.
Seneca Foods Corporation, launched on August 17, 1949, is a provider of packaged fruits and vegetables. The Company manages its business through two segments: packaging and sale of fruits and vegetables, and packaging and sale of chip products. Its product offerings include canned fruits and vegetables, frozen vegetables and other food products, frozen and bottled produce, and snack chips. Its products are sold under private label, as well as national and regional brands that the Company owns or licenses, including Seneca, Libby’s, Green Valley, Aunt Nellie’s, READ, Cherryman and Seneca Farms. The Company packs Green Giant, Le Sueur and other brands of canned vegetables, as well as select Green Giant frozen vegetables for B&G Foods North America (B&G) under a contract packing agreement. Its two segments constitute the food operation. The non-food operation is primarily related to the sale of cans and ends, and the Business’s trucking and aircraft operations..