The Simply Good Foods Company (NASDAQ:SMPL) was the target of a significant growth in short interest during the month of October. As of October 13th, there was short interest totalling 1,075,768 shares, a growth of 52.0% from the September 29th total of 707,886 shares. Based on an average trading volume of 262,679 shares, the days-to-cover ratio is presently 4.1 days. Currently, 2.1% of the company’s stock are sold short.
Separately, Goldman Sachs Group, Inc. (The) began coverage on shares of The Simply Good Foods in a research note on Wednesday, October 4th. They issued a “buy” rating and a $16.00 price target on the stock.
The Simply Good Foods (NASDAQ SMPL) opened at 11.36 on Monday. The firm’s market capitalization is $134.65 million. The stock has a 50 day moving average of $11.81 and a 200-day moving average of $11.86. The Simply Good Foods has a 1-year low of $10.20 and a 1-year high of $13.06.
An institutional investor recently bought a new position in The Simply Good Foods stock. Nationwide Fund Advisors acquired a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 41,640 shares of the financial services provider’s stock, valued at approximately $488,000. Nationwide Fund Advisors owned 0.35% of The Simply Good Foods as of its most recent SEC filing. Institutional investors and hedge funds own 0.01% of the company’s stock.
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The Simply Good Foods Company Profile
The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.
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