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

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

Mission Produce Price Performance

Shares of AVO stock traded down $0.04 during mid-day trading on Friday, hitting $12.49. The company had a trading volume of 262,481 shares, compared to its average volume of 463,086. The company has a market capitalization of $885.79 million, a P/E ratio of 24.49 and a beta of 0.50. The stock’s 50 day moving average price is $13.26 and its 200-day moving average price is $12.12. Mission Produce has a 52-week low of $9.54 and a 52-week high of $15.25. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26.

Insider Activity

In related news, CEO Stephen J. Barnard sold 7,032 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $14.51, for a total value of $102,034.32. Following the transaction, the chief executive officer now directly owns 1,787,450 shares of the company’s stock, valued at approximately $25,935,899.50. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Bryan E. Giles sold 15,000 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $14.40, for a total value of $216,000.00. Following the sale, the chief financial officer now directly owns 122,137 shares of the company’s stock, valued at $1,758,772.80. This represents a 10.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 224,252 shares of company stock valued at $3,256,786 in the last ninety days. 41.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its holdings in Mission Produce by 48.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,863 shares of the company’s stock valued at $665,000 after buying an additional 16,968 shares during the period. Virtu Financial LLC purchased a new stake in shares of Mission Produce in the third quarter valued at $440,000. Barclays PLC lifted its holdings in shares of Mission Produce by 308.8% in the 3rd quarter. Barclays PLC now owns 67,092 shares of the company’s stock worth $860,000 after acquiring 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 purchasing an additional 22,090 shares during the period. Finally, XTX Topco Ltd grew its holdings in Mission Produce by 113.1% during the 3rd quarter. XTX Topco Ltd now owns 40,861 shares of the company’s stock valued at $524,000 after purchasing an additional 21,682 shares during the last quarter. 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.