Green Plains Inc. (NASDAQ:GPRE) Short Interest Up 7.6% in March

Green Plains Inc. (NASDAQ:GPREGet Free Report) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 6,220,000 shares, a growth of 7.6% from the February 29th total of 5,780,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the days-to-cover ratio is presently 5.4 days.

Insider Activity at Green Plains

In other Green Plains news, Director Ejnar A. Knudsen III purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $24.73 per share, for a total transaction of $98,920.00. Following the purchase, the director now owns 40,913 shares of the company’s stock, valued at approximately $1,011,778.49. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Green Plains

Institutional investors and hedge funds have recently modified their holdings of the stock. Algert Global LLC purchased a new stake in shares of Green Plains in the 3rd quarter worth about $848,000. Seven Eight Capital LP purchased a new stake in shares of Green Plains in the 3rd quarter worth about $246,000. Tudor Investment Corp Et Al purchased a new position in Green Plains during the 3rd quarter valued at about $4,475,000. MetLife Investment Management LLC boosted its stake in Green Plains by 10.3% during the second quarter. MetLife Investment Management LLC now owns 30,687 shares of the specialty chemicals company’s stock worth $989,000 after acquiring an additional 2,872 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Green Plains by 3.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 761,542 shares of the specialty chemicals company’s stock worth $22,922,000 after purchasing an additional 23,923 shares during the period.

Green Plains Stock Performance

GPRE stock opened at $23.33 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.50. The firm’s fifty day moving average is $21.79 and its 200 day moving average is $24.65. Green Plains has a 52 week low of $19.44 and a 52 week high of $36.02.

Green Plains (NASDAQ:GPREGet Free Report) last posted its earnings results on Wednesday, February 7th. The specialty chemicals company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.04). Green Plains had a negative return on equity of 9.67% and a negative net margin of 2.83%. The company had revenue of $712.39 million during the quarter, compared to analysts’ expectations of $782.01 million. During the same period in the prior year, the business posted ($0.66) earnings per share. The company’s revenue for the quarter was down 22.1% on a year-over-year basis. On average, sell-side analysts forecast that Green Plains will post 0.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. UBS Group lowered their target price on shares of Green Plains from $33.50 to $31.00 and set a “buy” rating on the stock in a research note on Monday, March 4th. The Goldman Sachs Group lowered their target price on shares of Green Plains from $39.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, January 30th. TheStreet lowered shares of Green Plains from a “c-” rating to a “d+” rating in a report on Wednesday, February 7th. Truist Financial reissued a “buy” rating and issued a $35.00 price target on shares of Green Plains in a report on Tuesday, March 26th. Finally, Roth Mkm reissued a “buy” rating and issued a $55.00 price target on shares of Green Plains in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.67.

Check Out Our Latest Report on GPRE

About Green Plains

(Get Free Report)

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.

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