Abacus Life, Inc. (NASDAQ:ABL) Short Interest Down 11.5% in April

Abacus Life, Inc. (NASDAQ:ABL) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 318,500 shares, a drop 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 sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Inscription Capital LLC bought a new position in shares of Abacus Life in the first quarter worth approximately $137,000. Quarry LP purchased a new stake in Abacus Life in the fourth quarter worth $463,000. Finally, Barclays PLC purchased a new stake in Abacus Life in the third quarter worth $47,000.

Abacus Life Stock Down 0.8 %

Shares of NASDAQ ABL opened at $11.84 on Tuesday. Abacus Life has a one year low of $5.47 and a one year high of $13.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The firm’s 50 day simple moving average is $11.92 and its two-hundred day simple moving average is $9.92.

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

About Abacus Life

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.