Short Interest in Abacus Life, Inc. (NASDAQ:ABL) Decreases By 11.5%

Abacus Life, Inc. (NASDAQ:ABL) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 318,500 shares, a decline of 11.5% from the March 31st total of 360,000 shares. Based on an average daily volume of 36,700 shares, the days-to-cover ratio is currently 8.7 days. Currently, 17.4% of the shares of the stock are short sold.

Abacus Life Trading Down 0.4 %

Shares of ABL stock opened at $11.93 on Friday. Abacus Life has a twelve month low of $5.47 and a twelve month high of $13.25. The firm has a 50-day moving average price of $11.92 and a 200 day moving average price of $9.87. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.36 and a quick ratio of 1.36.

Abacus Life (NASDAQ:ABL) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.10) EPS for the quarter. The firm had revenue of $23.65 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ABL. Quarry LP acquired a new position in shares of Abacus Life during the 4th quarter valued at about $463,000. Inscription Capital LLC acquired a new position in shares of Abacus Life during the 1st quarter valued at about $137,000. Finally, Barclays PLC acquired a new position in shares of Abacus Life during the 3rd quarter valued at about $47,000.

Abacus Life Company Profile

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.