Mission Produce, Inc. (NASDAQ:AVO) Short Interest Up 8.7% in November

Mission Produce, Inc. (NASDAQ:AVO) was the recipient of a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 1,370,000 shares, an increase of 8.7% from the November 15th total of 1,260,000 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily volume of 324,300 shares, the days-to-cover ratio is presently 4.2 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AVO. Roth Mkm raised their target price on Mission Produce from $14.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, September 11th. Lake Street Capital reissued a “buy” rating and issued a $15.00 price target on shares of Mission Produce in a research note on Tuesday, September 10th.

Insider Buying and Selling at Mission Produce

In related news, Director Jay A. Pack sold 22,000 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $13.41, for a total value of $295,020.00. Following the completion of the transaction, the director now owns 1,115,160 shares in the company, valued at $14,954,295.60. The trade was a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Taylor Family Investments, Llc sold 100,100 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $13.25, for a total value of $1,326,325.00. Following the completion of the transaction, the director now owns 8,630,002 shares in the company, valued at $114,347,526.50. The trade was a 1.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,113 shares of company stock worth $2,592,130. 41.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mission Produce

Large investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in Mission Produce during the third quarter worth approximately $440,000. Barclays PLC lifted its position in shares of Mission Produce by 308.8% in the third quarter. Barclays PLC now owns 67,092 shares of the company’s stock valued at $860,000 after buying an additional 50,680 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Mission Produce by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,076,007 shares of the company’s stock worth $13,797,000 after acquiring an additional 22,090 shares during the period. XTX Topco Ltd increased its holdings in shares of Mission Produce by 113.1% during the 3rd quarter. XTX Topco Ltd now owns 40,861 shares of the company’s stock worth $524,000 after acquiring an additional 21,682 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Mission Produce by 171.9% in the 3rd quarter. Jane Street Group LLC now owns 158,257 shares of the company’s stock valued at $2,029,000 after acquiring an additional 100,055 shares during the period. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Stock Down 0.5 %

AVO traded down $0.07 on Friday, hitting $13.16. 151,907 shares of the company were exchanged, compared to its average volume of 223,142. The stock’s fifty day moving average is $12.74 and its 200-day moving average is $11.63. Mission Produce has a 12 month low of $8.76 and a 12 month high of $14.17. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.40 and a current ratio of 2.02. The company has a market cap of $933.19 million, a PE ratio of 39.88 and a beta of 0.54.

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.