Short Interest in Fresh Del Monte Produce Inc. (NYSE:FDP) Grows By 152.1%

Fresh Del Monte Produce Inc. (NYSE:FDP) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 647,500 shares, a growth of 152.1% from the December 31st total of 256,800 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average trading volume of 288,200 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On Fresh Del Monte Produce

A number of institutional investors and hedge funds have recently made changes to their positions in FDP. Pacer Advisors Inc. acquired a new stake in shares of Fresh Del Monte Produce in the 4th quarter worth about $42,522,000. Advisors Preferred LLC purchased a new stake in Fresh Del Monte Produce in the 4th quarter valued at about $7,459,000. Ellsworth Advisors LLC purchased a new stake in Fresh Del Monte Produce in the 4th quarter valued at about $4,298,000. Millennium Management LLC grew its position in shares of Fresh Del Monte Produce by 17.5% during the 2nd quarter. Millennium Management LLC now owns 636,423 shares of the company’s stock valued at $13,906,000 after acquiring an additional 94,854 shares during the period. Finally, Dean Investment Associates LLC grew its position in shares of Fresh Del Monte Produce by 109.2% during the 3rd quarter. Dean Investment Associates LLC now owns 177,101 shares of the company’s stock valued at $5,232,000 after acquiring an additional 92,438 shares during the period. Institutional investors and hedge funds own 64.83% of the company’s stock.

Fresh Del Monte Produce Trading Down 1.1 %

Shares of Fresh Del Monte Produce stock traded down $0.33 during trading on Thursday, hitting $31.10. The company’s stock had a trading volume of 262,098 shares, compared to its average volume of 240,742. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 94.24 and a beta of 0.41. The stock has a 50-day moving average price of $32.76 and a two-hundred day moving average price of $30.18. Fresh Del Monte Produce has a 52 week low of $21.23 and a 52 week high of $35.27.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.