Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLL) Sees Significant Growth in Short Interest

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLLGet Free Report) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 8,400 shares, an increase of 50.0% from the August 15th total of 5,600 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 1.9 days.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Stock Performance

ABLLL opened at $26.20 on Friday. Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 has a 52 week low of $24.26 and a 52 week high of $27.39. The business has a fifty day simple moving average of $25.74 and a 200-day simple moving average of $25.51.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Wednesday, August 14th were given a $0.6172 dividend. This represents a $2.47 annualized dividend and a yield of 9.42%. The ex-dividend date of this dividend was Wednesday, August 14th.

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