Inventure Foods, Inc. (NASDAQ:SNAK) Stock Closed 26.0% Above Its 50 Day Moving Average


Company shares are trading at $4.46 a great deal higher than the 50 day moving average of $3.54 and quite a bit above the 200 day moving average of $3.99. The 50 day moving average was up $0.92 or +25.92% and the 200 day average went up $0.47 or +11.75%. Trading volume for Inventure Foods, Inc. was 72K on Wednesday. Trading volume was down 23.70% under the stocks average daily volume.

Investors are feeling more bearish on shares of Inventure Foods, Inc. recently if you pay attention to the increase in short interest. The company experienced a rise in short interest of 5.09% as of the latest report on August 31, 2017. Short shares increased 110,418 over that timeframe. The days to cover increased to 40.0 and the percentage of shorted shares is 0.12% as of August 31.

These firms have modified their investment in SNAK. As of the end of the quarter Ubs Group Ag had disposed of a total of 288 shares trimming its holdings by 58.4%. The value in dollars went from $2,000 to $1,000 a change of 50.0% for the reporting period. As of quarter end Alyeska Investment Group, L.p. had bought 15,272 shares growing its position 1.2%. The value of the total investment in Inventure Foods, Inc. decreased from $5,643,000 to $5,568,000 a change of $75,000 quarter over quarter.

Teton Advisors, Inc. added to its position by buying 30,000 shares an increase of 6.9% from 03/31/2017 to 06/30/2017. Teton Advisors, Inc. now holds 465,172 shares worth $2,005,000. The value of the position overall is up by 4.3%. Tower Research Capital LLC (trc) trimmed its ownership by shedding 872 shares a decrease of 96.7% in the quarter. Tower Research Capital LLC (trc) owns 30 shares with a value of $0. The total value of its holdings decreased 100.0%.

Inventure Foods, Inc., launched on February 23, 1995, is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers. The products sold under its snack products segment includes products considered part of the indulgent specialty snack food category, as well as products considered part of the healthy/natural food category. The Business’s Frozen Products segment’s brands include Rader Farms and Jamba. The Business’s Snack Products segment’s brands include Boulder Canyon, Nathan’s Famous, T.G.I. Friday’s, Poore Brothers, Bob’s Texas Style and Vidalia..