Short Interest in Fresh Del Monte Produce Inc. (NYSE:FDP) Increases By 8.8%

Fresh Del Monte Produce Inc. (NYSE:FDP) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 722,300 shares, an increase of 8.8% from the January 15th total of 663,800 shares. Based on an average trading volume of 308,300 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.8% of the shares of the company are short sold.

Fresh Del Monte Produce Stock Performance

FDP traded down $0.53 during trading hours on Friday, hitting $30.25. The stock had a trading volume of 198,561 shares, compared to its average volume of 254,457. The company’s fifty day simple moving average is $32.04 and its 200 day simple moving average is $30.82. Fresh Del Monte Produce has a 1 year low of $21.23 and a 1 year high of $35.27. The stock has a market cap of $1.45 billion, a PE ratio of 91.68 and a beta of 0.39. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14.

Institutional Investors Weigh In On Fresh Del Monte Produce

Large investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after acquiring an additional 59,521 shares during the last quarter. Barclays PLC grew its holdings in Fresh Del Monte Produce by 185.7% during the 3rd quarter. Barclays PLC now owns 70,694 shares of the company’s stock valued at $2,087,000 after buying an additional 45,952 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Fresh Del Monte Produce by 25.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 437,998 shares of the company’s stock valued at $12,938,000 after buying an additional 88,900 shares in the last quarter. Chesapeake Capital Corp IL purchased a new position in Fresh Del Monte Produce during the 3rd quarter valued at about $592,000. Finally, CWA Asset Management Group LLC purchased a new position in Fresh Del Monte Produce during the 4th quarter valued at about $625,000. Hedge funds and other institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Company Profile

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.