John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) Short Interest Up 13.8% in December

John B. Sanfilippo & Son, Inc. (NASDAQ:JBSS) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 166,200 shares, a growth of 13.8% from the November 30th total of 146,000 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 74,100 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On John B. Sanfilippo & Son

A number of hedge funds have recently made changes to their positions in JBSS. BNP Paribas Financial Markets increased its stake in John B. Sanfilippo & Son by 248.7% during the third quarter. BNP Paribas Financial Markets now owns 40,413 shares of the company’s stock worth $3,811,000 after acquiring an additional 28,822 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in John B. Sanfilippo & Son during the 3rd quarter worth $2,610,000. Pacer Advisors Inc. increased its holdings in John B. Sanfilippo & Son by 6.5% in the 2nd quarter. Pacer Advisors Inc. now owns 345,252 shares of the company’s stock valued at $33,548,000 after purchasing an additional 21,069 shares in the last quarter. Weiss Asset Management LP purchased a new position in John B. Sanfilippo & Son in the third quarter valued at about $1,678,000. Finally, Barclays PLC raised its position in John B. Sanfilippo & Son by 386.6% in the third quarter. Barclays PLC now owns 18,471 shares of the company’s stock valued at $1,741,000 after purchasing an additional 14,675 shares during the period. Institutional investors and hedge funds own 70.64% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded John B. Sanfilippo & Son from a “buy” rating to a “hold” rating in a research report on Monday, November 4th.

John B. Sanfilippo & Son Price Performance

JBSS opened at $87.11 on Wednesday. John B. Sanfilippo & Son has a 1 year low of $79.07 and a 1 year high of $108.96. The company’s 50 day simple moving average is $86.67 and its 200 day simple moving average is $93.00. The stock has a market capitalization of $1.01 billion, a PE ratio of 18.73 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.66 and a current ratio of 2.06.

John B. Sanfilippo & Son Company Profile

John B. Sanfilippo & Son, Inc, through its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings.