Fresh Del Monte Produce has the Highest Short Interest in the Agricultural Products Industry (FDP, FEED, BG, SEED, DAR)
Below are the top five companies in the Agricultural Products industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Fresh Del Monte Produce (NYSE:FDP) has a short interest ratio of 5.6 based on average daily volume of 333,000 shares and 1.9 million shares short. That equates to 3% of the 62.4 million shares outstanding.
AgFeed Industries (NASDAQ:FEED) has a short interest ratio of 5.2 based on average daily volume of 990,000 shares and 5.1 million shares short. That equates to 11.4% of the 45.1 million shares outstanding.
Bunge (NYSE:BG) has a short interest ratio of 5 based on average daily volume of 1 million shares and 6.7 million shares short. That equates to 4.6% of the 144.2 million shares outstanding.
Origin Agritech (NASDAQ:SEED) has a short interest ratio of 2.4 based on average daily volume of 1 million shares and 2.6 million shares short. That equates to 11.2% of the 23 million shares outstanding.
Darling International (AMEX:DAR) has a short interest ratio of 1.9 based on average daily volume of 1 million shares and 2.3 million shares short. That equates to 2.7% of the 82.4 million shares outstanding.
SmarTrend is bearish on shares of FEED and our subscribers were alerted to Sell on May 05, 2010 at $3.98. The stock has fallen 25.3% since the alert was issued.
