American Lorain Co. (NYSEAMERICAN:ALN) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 114,632 shares, a drop of 73.7% from the January 12th total of 436,147 shares. Based on an average daily trading volume, of 742,029 shares, the short-interest ratio is currently 0.2 days. Currently, 0.7% of the company’s stock are sold short.
Shares of American Lorain (NYSEAMERICAN ALN) traded up $0.01 during mid-day trading on Friday, reaching $0.21. 206,561 shares of the company’s stock traded hands, compared to its average volume of 959,759. The firm has a market cap of $9.75, a P/E ratio of -0.09 and a beta of 0.65. American Lorain has a 52-week low of $0.14 and a 52-week high of $0.60.
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About American Lorain
American Lorain Corporation is a food manufacturing company. The Company develops, manufactures and sells a range of food products, including Chestnut products, Convenience foods and Frozen food products. The Company operates through three segments: Chestnut products, Convenience food products and Frozen food products.
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