Above Food Ingredients Inc. (NASDAQ:ABVE) Short Interest Update

Above Food Ingredients Inc. (NASDAQ:ABVE) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totaling 2,030,410 shares, an increase of 62.0% from the March 31st total of 1,253,642 shares. Based on an average daily trading volume, of 1,456,090 shares, the days-to-cover ratio is currently 1.4 days. Approximately 11.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ABVE. Geode Capital Management LLC acquired a new position in shares of Above Food Ingredients during the 2nd quarter worth approximately $26,000. Pure Financial Advisors LLC grew its holdings in shares of Above Food Ingredients by 9.2% during the 3rd quarter. Pure Financial Advisors LLC now owns 29,163 shares of the company’s stock worth $51,000 after purchasing an additional 2,451 shares in the last quarter. Cantor Fitzgerald L. P. grew its holdings in shares of Above Food Ingredients by 41.4% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 205,000 shares of the company’s stock worth $357,000 after purchasing an additional 60,000 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Above Food Ingredients during the 3rd quarter worth $88,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Above Food Ingredients during the 4th quarter worth $113,000. Institutional investors and hedge funds own 28.79% of the company’s stock.

Above Food Ingredients Stock Performance

Shares of NASDAQ:ABVE opened at $0.56 on Monday. The company’s 50 day moving average price is $1.04 and its two-hundred day moving average price is $2.07. Above Food Ingredients has a 12-month low of $0.32 and a 12-month high of $6.56.

Above Food Ingredients Company Profile

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.