Could ARMANINO FOODS NEW (OTCMKTS:AMNF) Skyrocket? The Stock Has Too Many Sellers

November 14, 2017 - By Louis Casey

The stock of ARMANINO FOODS NEW (OTCMKTS:AMNF) registered an increase of 430% in short interest. AMNF’s total short interest was 10,600 shares in November as published by FINRA. Its up 430% from 2,000 shares, reported previously. With 44,400 shares average volume, it will take short sellers 0 days to cover their AMNF’s short positions.

It closed at $2.3 lastly. It is down 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Armanino Foods of Distinction, Inc. is engaged in the production of upscale and frozen food products, including pesto and other sauces, stuffed pasta products and cooked meat products. The company has market cap of $73.75 million. The Company’s products are marketed through a network of food brokers and sold to retail and foodservice distributors, club-type stores and industrial accounts. It has a 18.3 P/E ratio. It markets a line of pesto sauces in various varieties, such as Basil, Classic Ligurian Basil, Cilantro, Dried Tomato-Garlic, Roasted Red Bell Pepper, Artichoke, Chipotle, Roasted Garlic, as well as a white sauce and a mushroom sauce, all of which are packaged under the Armanino label.

More notable recent Armanino Foods Of Distinction Inc. (OTCMKTS:AMNF) news were published by: Businesswire.com which released: “Armanino Foods of Distinction, Inc. Announces Regular Quarterly Dividend” on December 03, 2015, also Seekingalpha.com with their article: “The Security I Like Best: Armanino Foods” published on April 20, 2016, Seekingalpha.com published: “Why Armanino Can’t Be In My Portfolio” on September 23, 2015. More interesting news about Armanino Foods Of Distinction Inc. (OTCMKTS:AMNF) were released by: Seekingalpha.com and their article: “Armanino Foods: Interesting But Not At This Price” published on March 29, 2017 as well as Businesswire.com‘s news article titled: “Company Profile for Armanino Foods of Distinction, Inc.” with publication date: March 29, 2007.

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