Short Interest in Mission Produce, Inc. (NASDAQ:AVO) Expands By 16.2%

Mission Produce, Inc. (NASDAQ:AVO) was the recipient of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,720,000 shares, an increase of 16.2% from the January 15th total of 1,480,000 shares. Currently, 3.8% of the shares of the stock are sold short. Based on an average daily volume of 334,200 shares, the days-to-cover ratio is currently 5.1 days.

Insider Transactions at Mission Produce

In other Mission Produce news, CFO Bryan E. Giles sold 15,000 shares of the firm’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 sale, the chief financial officer now owns 122,137 shares of the company’s stock, valued at $1,758,772.80. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $102,034.32. Following the completion of the sale, the chief executive officer now directly owns 1,787,450 shares in the company, valued at approximately $25,935,899.50. This trade represents a 0.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 224,252 shares of company stock valued at $3,256,786. 41.60% of the stock is currently owned by company insiders.

Institutional Trading of Mission Produce

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Mission Produce by 8.3% during the 3rd quarter. Creative Planning now owns 11,226 shares of the company’s stock valued at $144,000 after buying an additional 858 shares during the period. Invesco Ltd. increased its holdings in Mission Produce by 1.2% in the 4th quarter. Invesco Ltd. now owns 96,888 shares of the company’s stock valued at $1,392,000 after acquiring an additional 1,123 shares during the last quarter. R Squared Ltd purchased a new position in Mission Produce in the fourth quarter worth about $34,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Mission Produce by 19.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,392 shares of the company’s stock worth $250,000 after purchasing an additional 2,819 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in Mission Produce by 46.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock worth $139,000 after purchasing an additional 3,455 shares during the last quarter. 63.57% of the stock is currently owned by institutional investors.

Mission Produce Stock Up 2.0 %

Mission Produce stock traded up $0.24 on Friday, hitting $12.04. 566,600 shares of the stock traded hands, compared to its average volume of 292,490. Mission Produce has a 1 year low of $9.54 and a 1 year high of $15.25. The business’s fifty day simple moving average is $12.76 and its 200 day simple moving average is $12.31. The firm has a market cap of $853.82 million, a P/E ratio of 23.61 and a beta of 0.48. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23.

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.