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

Above Food Ingredients Inc. (NASDAQ:ABVE) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,814,018 shares, a growth of 75.0% from the January 29th total of 1,036,695 shares. Based on an average daily volume of 1,766,620 shares, the short-interest ratio is presently 1.0 days. Approximately 18.4% of the company’s shares are short sold. Approximately 18.4% of the company’s shares are short sold. Based on an average daily volume of 1,766,620 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Above Food Ingredients

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABVE. Geode Capital Management LLC acquired a new position in shares of Above Food Ingredients in the 2nd quarter valued at about $26,000. Fiduciary Alliance LLC purchased a new position in Above Food Ingredients in the third quarter valued at approximately $44,000. Engineers Gate Manager LP acquired a new position in Above Food Ingredients during the fourth quarter valued at approximately $49,000. Pure Financial Advisors LLC lifted its position in Above Food Ingredients by 9.2% during the third quarter. Pure Financial Advisors LLC now owns 29,163 shares of the company’s stock valued at $51,000 after buying an additional 2,451 shares in the last quarter. Finally, Scotia Capital Inc. grew its stake in Above Food Ingredients by 20.3% during the second quarter. Scotia Capital Inc. now owns 59,938 shares of the company’s stock worth $67,000 after buying an additional 10,113 shares during the period. 28.79% of the stock is currently owned by institutional investors and hedge funds.

Above Food Ingredients Price Performance

Shares of NASDAQ ABVE opened at $1.25 on Friday. The firm has a fifty day moving average of $1.86 and a 200-day moving average of $2.35. Above Food Ingredients has a 52-week low of $0.25 and a 52-week high of $6.56.

About Above Food Ingredients

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.