Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) Sees Significant Increase in Short Interest

Armanino Foods of Distinction Inc. (OTCMKTS:AMNF) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 270 shares, an increase of 167.3% from the June 30th total of 101 shares. Based on an average daily trading volume, of 44,788 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, Lake Street Capital upgraded Armanino Foods of Distinction to a “strong-buy” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $15.00.

Armanino Foods of Distinction Stock Down 0.8%

Shares of OTCMKTS:AMNF opened at $10.31 on Wednesday. Armanino Foods of Distinction has a fifty-two week low of $7.98 and a fifty-two week high of $12.25. The firm has a 50-day simple moving average of $10.31 and a 200 day simple moving average of $10.70. The company has a market cap of $315.99 million, a PE ratio of 16.63 and a beta of 0.08.

About Armanino Foods of Distinction

Armanino Foods of Distinction, Inc produces and markets frozen food products in the United States. The company offers gourmet beef, Italian style beef and pork, and smoked turkey meatballs; grated parmesan and 3 cheese blend cheese; and various pesto, such as basil, artichoke, cilantro, dried tomato and garlic, roasted garlic, roasted red bell pepper, and southwest chipotle. It also provides frozen pasta, which includes beef cannelloni, cheese manicotti, cheese stuffed shells, cheese tortellini; pasta sheets, potato gnocchi, and tricolor cheese tortellini, as well as beef, butternut squash, four cheese, cheese and spinach, and wild mushroom ravioli; and various sauces, comprising creamy garlic, alfresco, Bolognese, chimichurri, harissa, and romesco.