Mission Produce, Inc. (NASDAQ:AVO) Short Interest Update

Mission Produce, Inc. (NASDAQ:AVO) saw a large decrease in short interest during 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 trading volume of 308,500 shares, the days-to-cover ratio is currently 4.2 days. Currently, 2.9% of the shares of the stock are short sold.

Insider Buying and Selling at Mission Produce

In related news, Director Jay A. Pack sold 59,165 shares of Mission Produce stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $14.70, for a total value of $869,725.50. Following the transaction, the director now owns 1,015,160 shares of the company’s stock, valued at approximately $14,922,852. This trade represents a 5.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Bryan E. Giles sold 15,000 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $14.40, for a total transaction of $216,000.00. Following the completion of the transaction, the chief financial officer now owns 122,137 shares of the company’s stock, valued at approximately $1,758,772.80. The trade was a 10.94 % decrease in their ownership of the stock. 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. 41.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. purchased a new position in shares of Mission Produce during the 2nd quarter valued at $53,000. Point72 DIFC Ltd bought a new stake in Mission Produce during the 2nd quarter valued at approximately $53,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Mission Produce in the second quarter worth $73,000. Quantbot Technologies LP bought a new position in shares of Mission Produce during the 3rd quarter worth about $76,000. Finally, Cubist Systematic Strategies LLC bought a new position in Mission Produce during the second quarter valued at about $108,000. 63.57% of the stock is owned by institutional investors and hedge funds.

Mission Produce Trading Down 0.3 %

Mission Produce stock traded down $0.04 during midday trading on Friday, reaching $12.49. The stock had a trading volume of 262,481 shares, compared to its average volume of 398,235. The firm’s fifty day simple moving average is $13.28 and its two-hundred day simple moving average is $12.08. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.87 and a quick ratio of 1.26. Mission Produce has a twelve month low of $9.54 and a twelve month high of $15.25. The firm has a market cap of $885.79 million, a price-to-earnings ratio of 24.49 and a beta of 0.50.

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.