The stock of Village Farms International, Inc. (NASDAQ:VFF) is now priced at $5.73 and the shares are 0.04 points up or 0.7% higher compared to its previous closing price of $5.69. The stock had 1.043 million contracts set over the past session. VFF shares’ daily volume is compared to its average trading volume at 1.011 million shares. However, it has a float of 46.01 million and although its performance was 16.23% over the week, it’s one to watch. It means the stock’s downside potential is -100% with the VFF share price recently placing at $5.43 to $5.7688.
The shorts are climbing into the Village Farms International, Inc. stock, with the latest data on short interest released on August 14, 2020, showing that short interest numbers in the VFF shares have risen. Short interest in the stock represents just 10.9% of its float, but the volume has raised by 156059. The volume of shorted shares rised to 5.016 million from 4.86 million shares over the last two weeks. The average intraday trading volume has been 657613 shares, which means that days to cover moved to roughly 7.627637.
In the last trading session, Village Farms International, Inc. (NASDAQ:VFF) raised by $0.8 over the week and lost -$0.12 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $12.53. The stock recorded its established 52-week high on 09/09/19.
Since 03/19/20, the stock has traded to a low of $2.07 at 176.81%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge.
Looking at current readings, Village Farms International, Inc.’s two-week RSI is 54.11. This suggests that the stock is neutral at the moment and that VFF shares’ price movement remains stable. The stochastic readings are equally revealing at 42.18% meaning the VFF share price is currently in neutral territory.
The technical chart shows that the VFF stock will likely settle at between $5.86 and $5.98 per share. However, if the stock dips below $5.52, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $5.3.
Currently, the stock is trading in the green of MACD, with a reading of 0.26. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at Maxim Group assigned VFF a rating of Buy in their intiating review released on September 19. Craig Hallum analysts see the stock as a Buy in a flash note released to investors on July 23 initiating covering the stock. ROTH Capital analysts see the stock as Buy when the analysts initiated the share price coverage on June 13.
The average rating for the VFF equity is 2 and is currently gathering a bullish momentum. Of 2 analysts tracking Village Farms International, Inc. polled by Reuters, 0 rated VFF as a hold. The remaining 2 analysts were split evenly. However, the split wasn’t equal as a majority (2) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
The stocks P/S ratio currently stands below the group’s average of 31.2. Village Farms International, Inc. has its P/E ratio at 2.3, which means that the stock is currently trading at a premium relative to the 1.4 industry average.