Short Interest in Calavo Growers, Inc. (NASDAQ:CVGW) Increases By 16.0%

Calavo Growers, Inc. (NASDAQ:CVGW) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 655,300 shares, an increase of 16.0% from the November 15th total of 564,800 shares. Based on an average trading volume of 246,700 shares, the short-interest ratio is presently 2.7 days. Approximately 3.9% of the shares of the company are short sold.

Calavo Growers Stock Performance

Calavo Growers stock traded down $0.03 during midday trading on Monday, reaching $26.55. 101,856 shares of the stock traded hands, compared to its average volume of 205,988. Calavo Growers has a fifty-two week low of $20.30 and a fifty-two week high of $31.26. The company has a current ratio of 2.04, a quick ratio of 1.77 and a debt-to-equity ratio of 0.18. The firm has a market cap of $472.64 million, a price-to-earnings ratio of -53.16 and a beta of 0.58. The firm has a fifty day moving average price of $27.49 and a two-hundred day moving average price of $25.64.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CVGW. Summit Securities Group LLC bought a new position in Calavo Growers in the 2nd quarter valued at about $56,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock valued at $87,000 after acquiring an additional 1,100 shares in the last quarter. Point72 DIFC Ltd increased its stake in shares of Calavo Growers by 42.3% during the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after acquiring an additional 973 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Calavo Growers during the 3rd quarter valued at $219,000. Finally, LMR Partners LLP acquired a new position in Calavo Growers during the third quarter worth about $253,000. Institutional investors own 81.30% of the company’s stock.

About Calavo Growers

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.