Whole Earth Brands, Inc. (NASDAQ:FREE) Short Interest Down 8.2% in March

Whole Earth Brands, Inc. (NASDAQ:FREE) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 964,300 shares, a decrease of 8.2% from the March 15th total of 1,050,000 shares. Approximately 3.6% of the company’s shares are sold short. Based on an average daily trading volume, of 761,600 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Separately, Imperial Capital restated a “neutral” rating on shares of Whole Earth Brands in a research note on Wednesday, February 14th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in shares of Whole Earth Brands by 1.3% in the first quarter. BlackRock Inc. now owns 2,675,967 shares of the company’s stock valued at $6,850,000 after buying an additional 33,200 shares in the last quarter. FMR LLC grew its position in Whole Earth Brands by 0.5% in the second quarter. FMR LLC now owns 2,306,989 shares of the company’s stock valued at $14,303,000 after acquiring an additional 11,293 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Whole Earth Brands by 2.4% during the first quarter. Vanguard Group Inc. now owns 1,777,146 shares of the company’s stock valued at $12,724,000 after purchasing an additional 41,952 shares during the period. Clearline Capital LP boosted its stake in shares of Whole Earth Brands by 34.8% in the second quarter. Clearline Capital LP now owns 1,482,266 shares of the company’s stock valued at $5,959,000 after purchasing an additional 382,402 shares during the period. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Whole Earth Brands by 12.2% in the first quarter. Loomis Sayles & Co. L P now owns 1,110,344 shares of the company’s stock valued at $7,950,000 after purchasing an additional 120,627 shares during the period. 82.12% of the stock is owned by hedge funds and other institutional investors.

Whole Earth Brands Trading Down 0.2 %

FREE traded down $0.01 on Tuesday, reaching $4.82. 1,375,596 shares of the company’s stock were exchanged, compared to its average volume of 721,934. Whole Earth Brands has a twelve month low of $2.09 and a twelve month high of $4.85. The company’s 50 day moving average is $4.69 and its 200-day moving average is $3.90. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.12 and a current ratio of 3.24. The company has a market cap of $206.59 million, a price-to-earnings ratio of -5.36 and a beta of 0.58.

Whole Earth Brands (NASDAQ:FREE) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter. Whole Earth Brands had a negative return on equity of 15.00% and a negative net margin of 6.92%. The business had revenue of $151.16 million during the quarter.

About Whole Earth Brands

Whole Earth Brands, Inc operates as a food company worldwide. The company operates through Branded CPG and Flavors & Ingredients segments. The Branded CPG segment focuses on building a branded portfolio serving consumers seeking zero-calorie, low-calorie, organic, non-GMO, no-sugar added, and plant-based, and Fair Trade spaces in zero/low calorie sweeteners, honey, agave, baking mix, and baking chocolate products.