Arcadia Biosciences, Inc. (NASDAQ:RKDA) Sees Large Decrease in Short Interest
by Renee Jackson · The Cerbat GemArcadia Biosciences, Inc. (NASDAQ:RKDA – Get Free Report) saw a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 927 shares, a decrease of 96.1% from the March 15th total of 23,692 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 31,866 shares, the days-to-cover ratio is presently 0.0 days.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Arcadia Biosciences in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Research Report on Arcadia Biosciences
Arcadia Biosciences Trading Down 1.5%
NASDAQ:RKDA traded down $0.02 during midday trading on Friday, hitting $1.32. 35,505 shares of the stock were exchanged, compared to its average volume of 26,924. Arcadia Biosciences has a one year low of $1.30 and a one year high of $6.71. The company has a market capitalization of $2.72 million, a price-to-earnings ratio of -0.77 and a beta of 0.72. The business has a 50-day moving average price of $1.71 and a two-hundred day moving average price of $2.78.
Arcadia Biosciences (NASDAQ:RKDA – Get Free Report) last announced its earnings results on Thursday, March 26th. The basic materials company reported ($0.98) EPS for the quarter, missing the consensus estimate of ($0.66) by ($0.32). Arcadia Biosciences had a positive return on equity of 37.36% and a negative net margin of 48.15%.The firm had revenue of $0.90 million for the quarter, compared to the consensus estimate of $1.40 million.
Arcadia Biosciences Company Profile
Arcadia Biosciences, Inc, founded in 2002 and headquartered in Davis, California, is an agricultural biotechnology company dedicated to developing crops and food ingredients that promote health and sustainability. By harnessing advanced genomics and precision‐breeding technologies, Arcadia creates proprietary trait platforms designed to enhance crop performance, nutritional value, and resilience to environmental stressors. The company’s scientific expertise focuses on non-transgenic approaches, enabling the delivery of novel traits without introducing foreign DNA.
Arcadia’s operations span two main segments: Crop Traits and Food Ingredients.