Smithfield Foods, Inc. (NASDAQ:SFD) Sees Large Decrease in Short Interest

Smithfield Foods, Inc. (NASDAQ:SFD) Sees Large Decrease in Short Interest

Smithfield Foods, Inc. (NASDAQ:SFD - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,666,333 shares, a decline of 15.2% from the March 31st total of 4,324,250 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 2,146,762 shares, the days-to-cover ratio is presently 1.7 days.