Leading Brands (NASDAQ:LBIX) Sees Unusual Trading Volume in Its Shares

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Trading was light with 151K shares changing hands by the end of trading on Tuesday. Overall, volume was down 89.90% under the stocks normal daily volume.

Traders are a little more bearish on shares of the company of late as inferred by the change in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 2,782.61%. Short shares grew from 5,429 to 156,497 over that period. With short interest at 156,497 and short average daily volume at 4,037,680, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.06% as of October 13.

Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Tower Research Capital LLC (trc) had disposed of 139 shares trimming its holdings by 40.9%. The value of the investment in (LBIX) decreased from $1,000 to $0 decreasing 100.0% quarter over quarter. Renaissance Technologies LLC downsized its holdings by shedding 200 shares a decrease of 0.4% from 03/31/2017 to 06/30/2017. Renaissance Technologies LLC controls 45,400 shares with a value of $76,000. The total value of its holdings decreased 7.3%.

Bahl & Gaynor Inc trimmed its investment by selling 2,000 shares a decrease of 12.0% in the quarter. Bahl & Gaynor Inc claims 14,700 shares valued at $12,000. The value of the position overall is down by 57.1%.

The company is trading up since yesterday’s close of 1.68. The company’s P/E ratio is N/A and market cap is 4.76M. As of the last earnings report the EPS was $-0.87 with 2.80M shares now outstanding.

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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