Lifeway Foods, Inc. (NASDAQ:LWAY) Short Interest Update

Lifeway Foods, Inc. (NASDAQ:LWAYGet Free Report) was the recipient of a significant decrease in short interest during the month of February. As of February 29th, there was short interest totalling 134,900 shares, a decrease of 21.7% from the February 14th total of 172,300 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 54,800 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

LWAY has been the topic of several recent research reports. StockNews.com raised Lifeway Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, January 26th. Noble Financial raised Lifeway Foods from a “market perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Monday, February 26th.

Read Our Latest Analysis on Lifeway Foods

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Edward Smolyansky sold 3,468 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $13.44, for a total transaction of $46,609.92. Following the transaction, the insider now owns 1,271,642 shares of the company’s stock, valued at approximately $17,090,868.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Lifeway Foods news, major shareholder Edward Smolyansky sold 3,468 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $13.44, for a total transaction of $46,609.92. Following the transaction, the insider now owns 1,271,642 shares of the company’s stock, valued at approximately $17,090,868.48. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Ludmila Smolyansky sold 11,459 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $13.54, for a total value of $155,154.86. Following the transaction, the insider now directly owns 1,413,328 shares in the company, valued at approximately $19,136,461.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,216 shares of company stock valued at $818,566. Insiders own 31.77% of the company’s stock.

Institutional Trading of Lifeway Foods

Several large investors have recently added to or reduced their stakes in LWAY. Vanguard Group Inc. increased its position in shares of Lifeway Foods by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 260,569 shares of the company’s stock valued at $3,494,000 after purchasing an additional 2,211 shares during the period. Barclays PLC acquired a new position in shares of Lifeway Foods during the 4th quarter valued at $194,000. Gamco Investors INC. ET AL increased its position in shares of Lifeway Foods by 61.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 79,600 shares of the company’s stock valued at $1,067,000 after purchasing an additional 30,145 shares during the period. Citadel Advisors LLC acquired a new position in shares of Lifeway Foods during the 4th quarter valued at $203,000. Finally, Royal Bank of Canada increased its position in shares of Lifeway Foods by 32.5% during the 4th quarter. Royal Bank of Canada now owns 7,421 shares of the company’s stock valued at $99,000 after purchasing an additional 1,821 shares during the period. 30.74% of the stock is currently owned by institutional investors and hedge funds.

Lifeway Foods Stock Performance

LWAY traded down $0.24 during trading hours on Friday, hitting $10.99. The company’s stock had a trading volume of 32,049 shares, compared to its average volume of 48,316. Lifeway Foods has a fifty-two week low of $5.61 and a fifty-two week high of $17.33. The company has a current ratio of 2.25, a quick ratio of 1.68 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $161.45 million, a PE ratio of 19.98 and a beta of 1.29. The company has a 50-day simple moving average of $12.24 and a 200 day simple moving average of $12.33.

Lifeway Foods Company Profile

(Get Free Report)

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.

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