Mission Produce, Inc. (NASDAQ:AVO) Short Interest Update

Mission Produce, Inc. (NASDAQ:AVO) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,300,000 shares, a decline of 12.2% from the December 15th total of 1,480,000 shares. Currently, 2.9% of the company’s shares are sold short. Based on an average daily volume of 308,500 shares, the days-to-cover ratio is currently 4.2 days.

Mission Produce Stock Down 0.3 %

NASDAQ AVO traded down $0.04 during trading on Friday, reaching $12.49. 262,481 shares of the company’s stock traded hands, compared to its average volume of 463,086. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. The company’s 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $12.12. Mission Produce has a 12-month low of $9.54 and a 12-month high of $15.25. The firm has a market cap of $885.79 million, a price-to-earnings ratio of 24.49 and a beta of 0.50.

Insider Activity

In other news, CEO Stephen J. Barnard sold 103,847 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $14.53, for a total transaction of $1,508,896.91. Following the transaction, the chief executive officer now owns 1,790,966 shares of the company’s stock, valued at approximately $26,022,735.98. This represents a 5.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay A. Pack sold 59,165 shares of Mission Produce stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $14.70, for a total value of $869,725.50. Following the completion of the sale, the director now owns 1,015,160 shares of the company’s stock, valued at $14,922,852. The trade was a 5.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 224,252 shares of company stock valued at $3,256,786. 41.60% of the stock is currently owned by company insiders.

Institutional Trading of Mission Produce

Hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. purchased a new position in shares of Mission Produce in the 2nd quarter worth approximately $53,000. Point72 DIFC Ltd purchased a new position in Mission Produce in the second quarter worth $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Mission Produce during the second quarter worth $73,000. Quantbot Technologies LP purchased a new stake in shares of Mission Produce during the 3rd quarter valued at $76,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Mission Produce in the 2nd quarter worth $108,000. Hedge funds and other institutional investors own 63.57% of the company’s stock.

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.