The Simply Good Foods Company (NASDAQ:SMPL) saw a significant increase in short interest in October. As of October 13th, there was short interest totalling 1,075,768 shares, an increase of 52.0% from the September 29th total of 707,886 shares. Based on an average daily volume of 262,679 shares, the days-to-cover ratio is presently 4.1 days. Approximately 2.1% of the company’s shares are short sold.

A hedge fund recently bought a new stake in The Simply Good Foods stock. Nationwide Fund Advisors bought a new position in shares of The Simply Good Foods Company (NASDAQ:SMPL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,640 shares of the financial services provider’s stock, valued at approximately $488,000. Nationwide Fund Advisors owned approximately 0.35% of The Simply Good Foods as of its most recent SEC filing. Institutional investors and hedge funds own 0.07% of the company’s stock.

Separately, Goldman Sachs Group, Inc. (The) began coverage on shares of The Simply Good Foods in a research report on Wednesday, October 4th. They set a “buy” rating and a $16.00 price target on the stock.

The Simply Good Foods (NASDAQ:SMPL) opened at 11.52 on Wednesday. The stock’s 50 day moving average is $11.77 and its 200-day moving average is $11.84. The Simply Good Foods has a 12 month low of $10.20 and a 12 month high of $13.06. The company’s market capitalization is $136.55 million.

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About The Simply Good Foods

The Simply Good Foods Company is a holding company. The Company through its subsidiaries, is engaged in developing, marketing and selling of branded nutritional foods and snacking products. The Company offers a range of products such as nutrition bars, ready to drink (RTD) shakes, snacks and confectionery products.

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