Above Food Ingredients Inc. (NASDAQ:ABVE) Sees Significant Decline in Short Interest

Above Food Ingredients Inc. (NASDAQ:ABVE) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 1,253,642 shares, a decline of 16.9% from the March 15th total of 1,509,000 shares. Approximately 6.9% of the shares of the company are short sold. Based on an average daily trading volume, of 3,327,824 shares, the days-to-cover ratio is currently 0.4 days.

Above Food Ingredients Price Performance

Shares of Above Food Ingredients stock opened at $0.82 on Thursday. The company’s fifty day moving average price is $1.19 and its two-hundred day moving average price is $2.17. Above Food Ingredients has a 52-week low of $0.32 and a 52-week high of $6.56.

Institutional Investors Weigh In On Above Food Ingredients

Several institutional investors and hedge funds have recently made changes to their positions in ABVE. XTX Topco Ltd boosted its stake in shares of Above Food Ingredients by 268.6% in the 4th quarter. XTX Topco Ltd now owns 100,317 shares of the company’s stock valued at $164,000 after purchasing an additional 73,100 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Above Food Ingredients in the 4th quarter valued at $113,000. GM Advisory Group LLC acquired a new stake in shares of Above Food Ingredients in the 4th quarter valued at $106,000. Virtu Financial LLC acquired a new stake in shares of Above Food Ingredients in the 4th quarter valued at $105,000. Finally, Cantor Fitzgerald L. P. boosted its stake in shares of Above Food Ingredients by 41.4% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 205,000 shares of the company’s stock valued at $357,000 after purchasing an additional 60,000 shares in the last quarter. Institutional investors and hedge funds own 28.79% of the company’s stock.

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.