Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF) Sees Significant Growth in Short Interest

Armanino Foods of Distinction, Inc. (OTCMKTS:AMNF – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 2,600 shares, a growth of 188.9% from the April 30th total of 900 shares. Based on an average trading volume of 22,700 shares, the days-to-cover ratio is currently 0.1 days.

Armanino Foods of Distinction Stock Down 3.6 %

OTCMKTS AMNF traded down $0.15 during midday trading on Friday, hitting $4.00. 32,740 shares of the company traded hands, compared to its average volume of 11,386. The company’s 50-day simple moving average is $3.98 and its 200-day simple moving average is $3.75. Armanino Foods of Distinction has a 52 week low of $3.15 and a 52 week high of $4.38.

Armanino Foods of Distinction (OTCMKTS:AMNF – Get Rating) last released its quarterly earnings results on Friday, March 3rd. The company reported $0.05 earnings per share for the quarter. Armanino Foods of Distinction had a net margin of 11.44% and a return on equity of 27.76%. The business had revenue of $13.72 million for the quarter.

Armanino Foods of Distinction Increases Dividend

The firm also recently announced a dividend, which was paid on Saturday, April 29th. Investors of record on Thursday, April 6th were paid a dividend of $0.033 per share. This represents a yield of 3.45%. This is an increase from Armanino Foods of Distinction’s previous dividend of $0.03. The ex-dividend date was Wednesday, April 5th. Armanino Foods of Distinction’s payout ratio is 56.52%.

About Armanino Foods of Distinction

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Armanino Foods of Distinction, Inc engages in the production and marketing of upscale and innovative frozen and refrigerated food products. Its line of frozen products includes pesto sauces, stuffed pastas, pasta sheets, value-added specialty Italian pastas, and cooked meat products. The company was founded in October 1986 and is headquartered in Hayward, CA.