What’s Next for Amira Nature Foods Ltd Ordinary Shares (NYSE:ANFI) After Having More Shares Shorted?

March 18, 2018 - By Michael Collier

 What's Next for Amira Nature Foods Ltd Ordinary Shares (NYSE:ANFI) After Having More Shares Shorted?

The stock of Amira Nature Foods Ltd Ordinary Shares (NYSE:ANFI) registered an increase of 2.93% in short interest. ANFI’s total short interest was 2.40 million shares in March as published by FINRA. Its up 2.93% from 2.33 million shares, reported previously. With 198,500 shares average volume, it will take short sellers 12 days to cover their ANFI’s short positions. The short interest to Amira Nature Foods Ltd Ordinary Shares’s float is 10.36%.

The stock increased 1.38% or $0.06 during the last trading session, reaching $4.4. About 91,788 shares traded. Amira Nature Foods Ltd. (NYSE:ANFI) has declined 27.11% since March 18, 2017 and is downtrending. It has underperformed by 43.81% the S&P500.

Amira Nature Foods Ltd. engages in processing, sourcing, and selling packaged Indian specialty rice. The company has market cap of $178.68 million. The firm provides various types of basmati rice, other specialty rice and other food products, ready-to-eat snacks, edible oils, and organic products for retailers under the Amira brand; and non-basmati rice. It has a 5.21 P/E ratio. It also sells bulk commodities, including wheat, barley, legume, maize, sugar, soybean meal, onion, potato, and millet products to trading firms.

Amira Nature Foods Ltd. (NYSE:ANFI) Ratings Coverage

Among 3 analysts covering Amira Nature Foods (NYSE:ANFI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Amira Nature Foods had 8 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, August 4 the stock rating was maintained by Oppenheimer with “Buy”. The firm has “Hold” rating by Zacks given on Monday, August 10. The rating was maintained by Jefferies on Thursday, June 29 with “Buy”. Jefferies maintained the stock with “Buy” rating in Friday, October 27 report. As per Monday, September 25, the company rating was maintained by Jefferies. BMO Capital Markets downgraded Amira Nature Foods Ltd. (NYSE:ANFI) on Tuesday, August 18 to “Market Perform” rating. Jefferies initiated Amira Nature Foods Ltd. (NYSE:ANFI) on Wednesday, September 21 with “Buy” rating. The stock of Amira Nature Foods Ltd. (NYSE:ANFI) has “Sector Weight” rating given on Wednesday, April 19 by KeyBanc Capital Markets.

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