Short Interest Worth Watching: Inventure Foods Incorporated (NASDAQ:SNAK) Short Interest Decreased By 5.63%

November 16, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Watching: Inventure Foods Incorporated (NASDAQ:SNAK) Short Interest Decreased By 5.63%

The stock of Inventure Foods Incorporated (NASDAQ:SNAK) registered a decrease of 5.63% in short interest. SNAK’s total short interest was 3.42M shares in November as published by FINRA. Its down 5.63% from 3.63 million shares, reported previously. With 109,800 shares average volume, it will take short sellers 31 days to cover their SNAK’s short positions. The short interest to Inventure Foods Incorporated’s float is 18.29%. About 286 shares traded hands. Inventure Foods Inc (NASDAQ:SNAK) has risen 30.93% since April 14, 2016 and is uptrending. It has outperformed by 26.24% the S&P500.

Inventure Foods, Inc. is a marketer and maker of healthy/natural and indulgent specialty snack food brands. The company has a market cap of $162.09 million. The Firm operates in two divisions: frozen products and snack products. It currently has negative earnings. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.

Insitutional Activity: The institutional sentiment decreased to 0.97 in 2016 Q2. Its down 0.55, from 1.52 in 2016Q1. The ratio is negative, as 6 funds sold all Inventure Foods Inc shares owned while 29 reduced positions. 9 funds bought stakes while 25 increased positions. They now own 17.70 million shares or 0.08% less from 17.71 million shares in 2016Q1.
Invesco Limited reported 26,870 shares or 0% of all its holdings. Citigroup Inc holds 3,485 shares or 0% of its portfolio. The Montana-based Da Davidson has invested 0% in Inventure Foods Inc (NASDAQ:SNAK). The Switzerland-based Credit Suisse Ag has invested 0% in Inventure Foods Inc (NASDAQ:SNAK). Moreover, Gabelli Funds Lc has 0.04% invested in Inventure Foods Inc (NASDAQ:SNAK) for 905,539 shares. Blackrock has 2,132 shares for 0% of their US portfolio. Moreover, Teachers Advsrs has 0% invested in Inventure Foods Inc (NASDAQ:SNAK) for 25,894 shares. King Luther Cap Management has 2.22M shares for 0.17% of their US portfolio. The Illinois-based Envestnet Asset Mgmt has invested 0% in Inventure Foods Inc (NASDAQ:SNAK). Bnp Paribas Arbitrage holds 0% of its portfolio in Inventure Foods Inc (NASDAQ:SNAK) for 736 shares. Lpl Fincl Limited Liability Com accumulated 0% or 10,335 shares. Moreover, First Wilshire Securities has 1.23% invested in Inventure Foods Inc (NASDAQ:SNAK) for 488,498 shares. Geduld E E has 18,000 shares for 0.19% of their US portfolio. Rhumbline Advisers has 0% invested in the company for 18,546 shares. The Connecticut-based Bourgeon Ltd Liability has invested 0.35% in Inventure Foods Inc (NASDAQ:SNAK).

Insider Transactions: Since May 27, 2016, the stock had 1 buying transaction, and 0 insider sales for $50,750 net activity. Lapadat Paul J bought $50,750 worth of Inventure Foods Inc (NASDAQ:SNAK) on Friday, May 27.

Inventure Foods Inc (NASDAQ:SNAK) Ratings Coverage

Out of 6 analysts covering Inventure Foods (NASDAQ:SNAK), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Inventure Foods has been the topic of 9 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by TH Capital with “Buy” on Friday, November 6. The stock of Inventure Foods Inc (NASDAQ:SNAK) has “Buy” rating given on Tuesday, January 19 by Canaccord Genuity. The stock of Inventure Foods Inc (NASDAQ:SNAK) has “Neutral” rating given on Friday, November 6 by DA Davidson. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, August 5. Wunderlich initiated it with “Buy” rating and $13 target price in Wednesday, November 18 report. The firm has “Buy” rating given on Friday, February 26 by Wunderlich. The company was maintained on Monday, March 21 by Roth Capital. The stock of Inventure Foods Inc (NASDAQ:SNAK) has “Buy” rating given on Monday, December 14 by DA Davidson.

SNAK Company Profile

Inventure Foods, Inc., incorporated on February 23, 1995, is a marketer and maker of healthy/natural and indulgent specialty snack food brands. The Firm operates in two divisions: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. The Company’s Frozen Products segment’s brands include Rader Farms, Jamba and Fresh Frozen. The Company’s Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia.

More recent Inventure Foods Inc (NASDAQ:SNAK) news were published by: Foodbusinessnews.net which released: “Inventure Foods explores strategic options” on July 27, 2016. Also Prnewswire.com published the news titled: “Inventure Foods Expands Its Frozen Food Manufacturing Footprint With New …” on January 19, 2016. Seekingalpha.com‘s news article titled: “Inventure Foods, Inc.: M&A Target” with publication date: May 06, 2016 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marie Mckinney


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>