Clever Leaves Holdings Inc. (NASDAQ:CLVR) Short Interest Down 27.4% in March

Clever Leaves Holdings Inc. (NASDAQ:CLVR) was the target of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 12,200 shares, a decline of 27.4% from the February 29th total of 16,800 shares. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 20,100 shares, the short-interest ratio is presently 0.6 days.

Clever Leaves Price Performance

Shares of CLVR traded down $0.03 on Friday, reaching $4.87. 45,491 shares of the company’s stock were exchanged, compared to its average volume of 25,165. The company has a current ratio of 2.62, a quick ratio of 1.49 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $3.64 and a two-hundred day moving average price of $2.95. Clever Leaves has a 12 month low of $1.72 and a 12 month high of $12.98.

Institutional Investors Weigh In On Clever Leaves

A number of institutional investors and hedge funds have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in Clever Leaves during the 3rd quarter worth approximately $68,000. Renaissance Technologies LLC increased its stake in Clever Leaves by 1,531.0% in the second quarter. Renaissance Technologies LLC now owns 1,138,423 shares of the company’s stock valued at $1,111,000 after purchasing an additional 1,068,623 shares in the last quarter. Vanguard Group Inc. increased its stake in Clever Leaves by 78.5% in the third quarter. Vanguard Group Inc. now owns 447,000 shares of the company’s stock valued at $270,000 after purchasing an additional 196,531 shares in the last quarter. Vident Investment Advisory LLC increased its stake in Clever Leaves by 79.0% in the first quarter. Vident Investment Advisory LLC now owns 54,690 shares of the company’s stock valued at $136,000 after purchasing an additional 24,143 shares in the last quarter. Finally, State Street Corp increased its stake in Clever Leaves by 64.8% in the third quarter. State Street Corp now owns 102,217 shares of the company’s stock valued at $62,000 after purchasing an additional 40,200 shares in the last quarter. 6.92% of the stock is owned by institutional investors.

About Clever Leaves

Clever Leaves Holdings Inc operates in the botanical cannabinoid and nutraceutical industries. The company operates through two segments, Cannabinoid and Non-Cannabinoid. The Cannabinoid segment engages in the cultivation, extraction, manufacturing, commercialization, and distribution of cannabinoid products internationally.