Fresh Del Monte Produce Inc. (NYSE:FDP) Short Interest Update

Fresh Del Monte Produce Inc. (NYSE:FDP) was the recipient of a large increase in short interest in 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 daily volume of 308,300 shares, the short-interest ratio is currently 2.3 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Trading of Fresh Del Monte Produce

A number of institutional investors have recently added to or reduced their stakes in FDP. Parvin Asset Management LLC purchased a new position in Fresh Del Monte Produce in the 4th quarter valued at about $30,000. Sterling Capital Management LLC lifted its position in shares of Fresh Del Monte Produce by 795.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company’s stock worth $36,000 after purchasing an additional 962 shares during the last quarter. McIlrath & Eck LLC acquired a new stake in Fresh Del Monte Produce during the fourth quarter worth about $48,000. Sherman Asset Management Inc. acquired a new stake in Fresh Del Monte Produce during the fourth quarter worth about $54,000. Finally, State of Wyoming acquired a new stake in Fresh Del Monte Produce during the fourth quarter worth about $54,000. 64.83% of the stock is owned by hedge funds and other institutional investors.

Fresh Del Monte Produce Stock Down 1.7 %

Shares of Fresh Del Monte Produce stock opened at $30.25 on Tuesday. The company has a fifty day moving average price of $31.98 and a 200 day moving average price of $30.86. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce has a twelve month low of $21.23 and a twelve month high of $35.27. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 91.68 and a beta of 0.39.

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.