Abacus Life, Inc. (NASDAQ:ABL) Sees Significant Increase in Short Interest

Abacus Life, Inc. (NASDAQ:ABLGet Free Report) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 346,900 shares, a growth of 12.1% from the February 29th total of 309,400 shares. Based on an average daily trading volume, of 42,300 shares, the days-to-cover ratio is presently 8.2 days. Currently, 23.3% of the company’s stock are sold short.

Abacus Life Trading Up 4.5 %

Shares of NASDAQ ABL opened at $12.18 on Monday. The stock’s 50 day moving average price is $12.06 and its two-hundred day moving average price is $9.23. Abacus Life has a 52-week low of $5.47 and a 52-week high of $13.25. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.36 and a current ratio of 1.36.

Hedge Funds Weigh In On Abacus Life

Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in Abacus Life in the 4th quarter worth approximately $463,000. Northern Trust Corp bought a new position in Abacus Life in the 4th quarter worth approximately $130,000. Finally, Barclays PLC bought a new position in Abacus Life during the 3rd quarter valued at $47,000.

Analyst Ratings Changes

Separately, TheStreet upgraded Abacus Life from a “d+” rating to a “c-” rating in a research note on Thursday, December 14th.

Read Our Latest Report on Abacus Life

About Abacus Life

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Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.

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