Mission Produce, Inc. (NASDAQ:AVO) Sees Significant Increase in Short Interest

Mission Produce, Inc. (NASDAQ:AVO) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, an increase of 16.2% from the January 15th total of 1,480,000 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average trading volume of 334,200 shares, the short-interest ratio is currently 5.1 days.

Mission Produce Stock Up 2.0 %

Shares of NASDAQ:AVO opened at $12.04 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.26 and a current ratio of 1.87. Mission Produce has a 52-week low of $9.54 and a 52-week high of $15.25. The company has a market capitalization of $853.88 million, a PE ratio of 23.61 and a beta of 0.48. The company has a fifty day moving average of $12.76 and a 200-day moving average of $12.31.

Insider Transactions at Mission Produce

In other Mission Produce news, CFO Bryan E. Giles sold 15,000 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.40, for a total transaction of $216,000.00. Following the completion of the transaction, the chief financial officer now owns 122,137 shares of the company’s stock, valued at approximately $1,758,772.80. The trade was a 10.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen J. Barnard sold 103,847 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $14.53, for a total transaction of $1,508,896.91. Following the completion of the sale, the chief executive officer now owns 1,790,966 shares in the company, valued at approximately $26,022,735.98. The trade was a 5.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 224,252 shares of company stock valued at $3,256,786. Company insiders own 41.60% of the company’s stock.

Hedge Funds Weigh In On Mission Produce

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Mission Produce by 16.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,787,778 shares of the company’s stock valued at $25,691,000 after acquiring an additional 257,344 shares during the last quarter. Geode Capital Management LLC increased its position in Mission Produce by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock valued at $13,797,000 after purchasing an additional 22,090 shares during the period. American Century Companies Inc. raised its holdings in Mission Produce by 328.2% during the 4th quarter. American Century Companies Inc. now owns 485,095 shares of the company’s stock worth $6,971,000 after purchasing an additional 371,813 shares during the last quarter. Northern Trust Corp lifted its position in shares of Mission Produce by 12.0% in the 4th quarter. Northern Trust Corp now owns 435,305 shares of the company’s stock worth $6,255,000 after purchasing an additional 46,748 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Mission Produce by 23.7% in the 4th quarter. Marshall Wace LLP now owns 418,303 shares of the company’s stock worth $6,011,000 after purchasing an additional 80,161 shares during the period. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.