Short Interest Runner: Amira Nature Foods Limited (NYSE:ANFI)’s Stock Is Buy After Less Market Selling

November 24, 2016 - By Darrin Black   ·   0 Comments

Short Interest Runner: Amira Nature Foods Limited (NYSE:ANFI)'s Stock Is Buy After Less Market Selling

The stock of Amira Nature Foods Limited (NYSE:ANFI) registered a decrease of 4.28% in short interest. ANFI’s total short interest was 2.36M shares in November as published by FINRA. Its down 4.28% from 2.46M shares, reported previously. With 84,700 shares average volume, it will take short sellers 28 days to cover their ANFI’s short positions. The short interest to Amira Nature Foods Limited’s float is 15.15%. The stock increased 0.13% or $0.01 on November 23, hitting $7.8. About 74,997 shares traded hands. Amira Nature Foods Ltd (NYSE:ANFI) has declined 21.07% since April 22, 2016 and is downtrending. It has underperformed by 26.48% the S&P500.

Amira Nature Foods Ltd is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The company has a market cap of $291.27 million. The Firm sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. It has a 8.71 P/E ratio. It also sells non-basmati rice.

Amira Nature Foods Ltd (NYSE:ANFI) Ratings Coverage

Out of 2 analysts covering Amira Nature Foods (NYSE:ANFI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Amira Nature Foods has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, August 10 by Zacks. The stock has “Buy” rating given by Oppenheimer on Tuesday, August 4. As per Wednesday, September 21, the company rating was initiated by Jefferies. BMO Capital Markets downgraded Amira Nature Foods Ltd (NYSE:ANFI) on Tuesday, August 18 to “Market Perform” rating.

ANFI Company Profile

Amira Nature Foods Ltd, incorporated on February 20, 2012, is primarily engaged in the business of processing and selling packaged Indian specialty rice, primarily basmati rice and other food products. The Firm sells Basmati rice and other specialty rice, under its Amira brand, as well as under other third-party brands. The Firm has developed a line of Amira branded products to complement its packaged rice offerings, including edible oil, snacks, ready-to-heat meals and a line of organic product offerings. The Firm is engaged in the institutional sale of bulk commodities to international and regional trading firms, which includes wheat, barley, legume, maize, sugar, soybean meal, onion, potato, millet and others. The Firm has its international offices in Malaysia, Singapore, the United Arab Emirates (UAE), the United Kingdom, the United States and Germany, and sells its products throughout Asia Pacific, North America, and Europe, the Middle East and Africa (EMEA).

More notable recent Amira Nature Foods Ltd (NYSE:ANFI) news were published by: Marketwatch.com which released: “Amira Nature Foods Ltd.” on June 15, 2012, also Streetinsider.com with their article: “Jefferies Starts Amira Nature Foods Ltd. (ANFI) at Buy” published on September 21, 2016, Fool.com published: “Why Shares of Amira Nature Foods Ltd. Soared 16% Higher Today” on July 16, 2015. More interesting news about Amira Nature Foods Ltd (NYSE:ANFI) were released by: Businesswire.com and their article: “Amira Nature Foods Ltd Announces Results for the Six Months Ended September 30 …” published on April 26, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Amira Nature Foods Ltd.ANFI” with publication date: September 28, 2012.

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By Darrin Black


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