Leading Brands Inc (NASDAQ:LBIX) Closed 68.0% Above Its 50 Day Average

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The stock last traded at $2.10 which is quite a bit higher than $1.25, the stock’s 50 day moving average and which is well above the 200 day moving average of $1.56. The 50 day moving average was up by +68.04% and the 200 day average was up $0.54. 870K shares changed hands by the end of trading on Tuesday. Trading volume was up 12,469.69% over the stocks average daily volume.

Investors are a little more bullish on the company if you put credence in the motion in short interest. The stock had a fall in short interest of -22.05% as of the latest report on September 29, 2017. Short interest fell from 6,965 to 5,429 over that period. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.00% as of September 29.

The following firms have recently changed their position in LBIX. Tower Research Capital LLC (trc) downsized its holdings by shedding 139 shares a decrease of 40.9% in the quarter. Tower Research Capital LLC (trc) controls 201 shares worth $0. The value of the position overall is down by 100.0%. As of the end of the quarter Bahl & Gaynor Inc had disposed of 160 shares trimming its position 0.9%. The value of the investment in (LBIX) went from $30,000 to $28,000 a change of 6.7% since the last quarter.

As of quarter end Renaissance Technologies LLC had sold a total of 200 shares trimming its stake by 0.4%. The value in dollars decreased from $82,000 to $76,000 decreasing 7.3% for the reporting period.

Leading Brands, Inc. (Leading Brands), launched on February 4, 1986, and its subsidiaries are engaged in the development, production, marketing and distribution of the Business’s branded and licensed beverage brands, as well as production services for certain other customers. The Business’s principal operations consist of an integrated bottling and distribution system for beverages. The Company sells beverage products through its integrated distribution system (IDS) of distributors, wholesalers and grocery chains. Its principal product lines include juices and other premium beverages. The Business’s bottling plant provides bottling services for the Business’s own products and for external customers, as requested. The Business’s beverage brands include TrueBlue, PureBlue and HappyWater..

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