Mission Produce, Inc. (NASDAQ:AVO) Short Interest Down 12.2% in January

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

Insider Buying and Selling

In other Mission Produce news, CFO Bryan E. Giles sold 15,000 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $14.40, for a total value of $216,000.00. Following the transaction, the chief financial officer now owns 122,137 shares in the company, valued at $1,758,772.80. The trade was a 10.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Jay A. Pack sold 59,165 shares of the 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 transaction, the director now directly owns 1,015,160 shares of the company’s stock, valued at $14,922,852. This represents a 5.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 224,252 shares of company stock valued at $3,256,786. Company insiders own 41.60% of the company’s stock.

Institutional Investors Weigh In On Mission Produce

Large investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund boosted its position in shares of Mission Produce by 72.6% during the fourth quarter. New York State Common Retirement Fund now owns 9,509 shares of the company’s stock worth $137,000 after buying an additional 4,000 shares during the period. New York State Teachers Retirement System acquired a new position in Mission Produce during the 4th quarter worth $57,000. R Squared Ltd bought a new position in shares of Mission Produce in the fourth quarter worth $34,000. JPMorgan Chase & Co. raised its stake in shares of Mission Produce by 48.6% during the third quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after purchasing an additional 16,968 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Mission Produce in the third quarter worth about $440,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Stock Performance

AVO traded down $0.08 during trading hours on Friday, hitting $11.89. 264,405 shares of the stock were exchanged, compared to its average volume of 350,977. The stock has a market cap of $843.24 million, a price-to-earnings ratio of 23.31 and a beta of 0.50. Mission Produce has a 12 month low of $9.54 and a 12 month high of $15.25. The stock has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $12.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

About Mission Produce

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.