Arcadia Biosciences, Inc. (NASDAQ:RKDA) Short Interest Update

Arcadia Biosciences, Inc. (NASDAQ:RKDA) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 12,400 shares, a drop of 17.3% from the February 13th total of 15,000 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Arcadia Biosciences in a research note on Saturday. They set a “sell” rating for the company.

Arcadia Biosciences Price Performance

NASDAQ RKDA traded up $0.10 during mid-day trading on Tuesday, hitting $3.33. The company’s stock had a trading volume of 2,366 shares, compared to its average volume of 313,128. Arcadia Biosciences has a 52-week low of $1.85 and a 52-week high of $10.31. The stock’s fifty day simple moving average is $4.47 and its two-hundred day simple moving average is $4.11. The firm has a market capitalization of $4.55 million, a P/E ratio of -0.78 and a beta of 0.86.

Institutional Trading of Arcadia Biosciences

A hedge fund recently bought a new stake in Arcadia Biosciences stock. Geode Capital Management LLC purchased a new position in shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 12,297 shares of the basic materials company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.90% of Arcadia Biosciences at the end of the most recent quarter. Hedge funds and other institutional investors own 17.73% of the company’s stock.

About Arcadia Biosciences

Arcadia Biosciences, Inc produces and markets plant-based food and beverage products in the United States. The company develops crop improvements primarily in wheat to enhance farm economics by improving the performance of crops in the field, as well as their value as food ingredients. Its food, beverage, and body case products include GoodWheat, Zola coconut water, ProVault topical pain relief, and SoulSpring.