Green Plains Inc. (NASDAQ:GPRE) Sees Significant Decline in Short Interest

Green Plains Inc. (NASDAQ:GPRE) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 6,150,000 shares, a decrease of 5.4% from the September 30th total of 6,500,000 shares. Based on an average daily volume of 940,900 shares, the short-interest ratio is currently 6.5 days.

Analysts Set New Price Targets

Several brokerages recently weighed in on GPRE. Craig Hallum reduced their price target on Green Plains from $34.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets cut their target price on Green Plains from $22.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Oppenheimer cut Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. UBS Group cut their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research note on Monday, August 19th. Finally, Truist Financial cut their target price on Green Plains from $25.00 to $18.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $25.50.

Green Plains Trading Down 2.4 %

Green Plains stock opened at $11.94 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11. Green Plains has a one year low of $10.74 and a one year high of $28.83. The stock has a market capitalization of $771.92 million, a PE ratio of -16.58 and a beta of 1.52. The business’s fifty day moving average is $12.82 and its 200 day moving average is $15.67.

Green Plains (NASDAQ:GPRE) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The business had revenue of $618.83 million for the quarter, compared to analysts’ expectations of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. The company’s quarterly revenue was down 27.8% on a year-over-year basis. During the same period last year, the business earned ($0.89) earnings per share. On average, sell-side analysts predict that Green Plains will post -1.04 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GPRE. Wolf Hill Capital Management LP boosted its position in Green Plains by 3,036.9% in the first quarter. Wolf Hill Capital Management LP now owns 1,753,690 shares of the specialty chemicals company’s stock worth $40,545,000 after purchasing an additional 1,697,784 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Green Plains by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 4,661,374 shares of the specialty chemicals company’s stock valued at $107,771,000 after buying an additional 447,825 shares in the last quarter. Kailix Advisors LLC lifted its position in shares of Green Plains by 39.8% during the 2nd quarter. Kailix Advisors LLC now owns 1,343,269 shares of the specialty chemicals company’s stock valued at $22,406,000 after buying an additional 382,517 shares in the last quarter. Clifford Capital Partners LLC purchased a new position in shares of Green Plains during the 1st quarter valued at about $7,688,000. Finally, Lumbard & Kellner LLC purchased a new position in shares of Green Plains during the 2nd quarter valued at about $4,685,000.

Green Plains Company Profile

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.