November 16, 2016 - By Adrian Mccoy · 0 Comments
The stock of Sunopta Incorporated (NASDAQ:STKL) registered an increase of 7.17% in short interest. STKL’s total short interest was 2.58M shares in November as published by FINRA. Its up 7.17% from 2.41M shares, reported previously. With 655,900 shares average volume, it will take short sellers 4 days to cover their STKL’s short positions. The short interest to Sunopta Incorporated’s float is 3.46%. About 444,139 shares traded hands. SunOpta, Inc. (USA) (NASDAQ:STKL) has risen 35.94% since April 14, 2016 and is uptrending. It has outperformed by 31.25% the S&P500.
SunOpta Inc. operates businesses focused on a healthy products portfolio. The company has a market cap of $624.89 million. The Firm operates through two divisions: Global Ingredients and Consumer Products. It currently has negative earnings. The Company’s Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating divisions focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa ingredients, and other commodities.
Insitutional Activity: The institutional sentiment decreased to 0.69 in 2016 Q2. Its down 0.19, from 0.88 in 2016Q1. The ratio fall, as 17 funds sold all SunOpta, Inc. (USA) shares owned while 32 reduced positions. 16 funds bought stakes while 18 increased positions. They now own 62.26 million shares or 7.80% less from 67.52 million shares in 2016Q1.
Blackrock Group Inc last reported 388,345 shares in the company. Overbrook holds 1.59M shares or 1.4% of its portfolio. Walleye Trading Limited Liability Com has 0% invested in the company for 5,220 shares. Frigate Ventures Lp reported 1.27M shares or 1.01% of all its holdings. Citadel Advsrs Limited Liability Corporation has invested 0% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). D E Shaw & Co last reported 557,294 shares in the company. Jennison Associate Ltd Liability last reported 0.02% of its portfolio in the stock. Rock Point Advsrs Ltd Liability Co holds 0.98% or 438,457 shares in its portfolio. Essex Invest Mgmt Co Ltd Llc accumulated 169,242 shares or 0.12% of the stock. Tourbillon Cap L P holds 0.71% or 8.45 million shares in its portfolio. Loring Wolcott Coolidge Fiduciary Limited Liability Partnership Ma owns 19,855 shares or 0% of their US portfolio. Invesco Ltd has 104,737 shares for 0% of their US portfolio. Gamco Investors Et Al holds 0% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL) for 29,300 shares. Finance And Inv Management Group Ltd accumulated 0.86% or 677,072 shares. Shelton Cap Management last reported 100,000 shares in the company.
Insider Transactions: Since May 18, 2016, the stock had 5 insider buys, and 0 insider sales for $460,311 net activity. 1,000 shares were bought by Davidson Joseph, worth $4,100 on Wednesday, May 18. Gratzek James bought $16,750 worth of stock. The insider Hollis Richard Dean bought $327,500. Jacobs Hendrik bought $26,950 worth of stock or 7,000 shares. Greene Douglas bought $99,300 worth of SunOpta, Inc. (USA) (NASDAQ:STKL) on Tuesday, May 24. $96,000 worth of SunOpta, Inc. (USA) (NASDAQ:STKL) was bought by KENDALL JEREMY. Shares for $13,320 were bought by Detlefsen Michael on Tuesday, May 24.
Out of 4 analysts covering SunOpta (NASDAQ:STKL), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. SunOpta has been the topic of 7 analyst reports since August 15, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 8 by BMO Capital Markets. The rating was downgraded by Zacks to “Buy” on Thursday, August 20. The firm earned “Buy” rating on Saturday, August 15 by TheStreet. The rating was initiated by William Blair on Friday, September 4 with “Market Perform”. The firm earned “Buy” rating on Tuesday, October 11 by Wunderlich. The rating was upgraded by Zacks on Tuesday, August 18 to “Hold”.
SunOpta Inc., incorporated on January 1, 2008, operates businesses focused on a healthy products portfolio. The Firm operates through two divisions: Global Ingredients and Consumer Products. The Firm is focused on both sourcing non-genetically modified (non-GMO) and organic ingredients and manufacturing healthy food and beverage products. It operates an integrated field-to-table business model leveraging its global ingredient sourcing platform to process and market non-GMO and organic ingredients for retailers, food manufacturers and foodservice operators and manufacture packaged products focused on the healthy beverages, healthy fruit and healthy snacks categories for its retail, foodservice and branded food customers.
More news for SunOpta, Inc. (USA) (NASDAQ:STKL) were recently published by: Fool.com, which released: “Why Shares of SunOpta Inc. Soared Today” on May 27, 2016. Reuters.com‘s article titled: “BRIEF-Sunopta Inc CEO Hendrik Jacobs resigns from post” and published on November 15, 2016 is yet another important article.
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By Adrian Mccoy