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

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

Mission Produce Trading Down 0.3 %

AVO stock traded down $0.04 during 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 stock has a market cap of $885.79 million, a PE ratio of 24.49 and a beta of 0.50. The company has a current ratio of 1.87, a quick ratio of 1.26 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $13.26 and a 200-day moving average of $12.10. Mission Produce has a one year low of $9.54 and a one year high of $15.25.

Insider Activity

In related news, CFO Bryan E. Giles sold 15,000 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 122,137 shares in the company, valued at approximately $1,758,772.80. This trade represents a 10.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Luis A. Gonzalez sold 18,278 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $14.49, for a total value of $264,848.22. Following the completion of the transaction, the director now directly owns 256,722 shares in the company, valued at $3,719,901.78. The trade was a 6.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 224,252 shares of company stock worth $3,256,786 over the last three months. Corporate insiders own 41.60% of the company’s stock.

Institutional Trading of Mission Produce

Several institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning boosted its holdings in Mission Produce by 8.3% in the 3rd quarter. Creative Planning now owns 11,226 shares of the company’s stock worth $144,000 after buying an additional 858 shares during the period. XTX Topco Ltd increased its stake in Mission Produce by 18.7% in the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock worth $189,000 after purchasing an additional 3,025 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Mission Produce by 46.8% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,845 shares of the company’s stock valued at $139,000 after buying an additional 3,455 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Mission Produce by 2.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock worth $1,597,000 after buying an additional 4,160 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in Mission Produce by 8.0% in the third quarter. The Manufacturers Life Insurance Company now owns 66,303 shares of the company’s stock valued at $850,000 after acquiring an additional 4,894 shares in the last quarter. 63.57% of the stock is owned by hedge funds and other institutional investors.

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.