Above Food Ingredients Inc. (NASDAQ:ABVE) Sees Large Decrease in Short Interest

Above Food Ingredients Inc. (NASDAQ:ABVE) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 1,539,309 shares, a decrease of 57.3% from the May 14th total of 3,601,627 shares. Approximately 8.5% of the shares of the company are short sold. Based on an average trading volume of 2,548,256 shares, the short-interest ratio is currently 0.6 days.

Above Food Ingredients Stock Performance

Shares of NASDAQ:ABVE remained flat at $0.11 during trading on Friday. The company’s fifty day moving average price is $0.55 and its 200 day moving average price is $1.35. Above Food Ingredients has a twelve month low of $0.10 and a twelve month high of $6.56.

Institutional Investors Weigh In On Above Food Ingredients

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC purchased a new stake in shares of Above Food Ingredients during the second quarter worth $26,000. Turn8 Private Wealth Inc. purchased a new stake in shares of Above Food Ingredients during the first quarter worth $27,000. Engineers Gate Manager LP purchased a new stake in shares of Above Food Ingredients during the fourth quarter worth $49,000. Millennium Management LLC purchased a new stake in shares of Above Food Ingredients in the third quarter worth $88,000. Finally, Virtu Financial LLC purchased a new stake in shares of Above Food Ingredients in the fourth quarter worth $105,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.

Above Food Ingredients Company Profile

Above Food Ingredients Inc, a regenerative ingredient company, produces vertically integrated supply chain products in Canada, the United States, Mexico, China, France, Turkey, and internationally. It operates through two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods. The Disruptive Agriculture and Rudimentary Ingredients segment engages in the provisioning of discrete genetics, origination, purchasing, grading, processing, and sale of regeneratively grown grain; and origination, purchase, and sale of bespoke ingredients products.