Short Interest in Above Food Ingredients Inc. (NASDAQ:ABVE) Expands By 69.0%

Above Food Ingredients Inc. (NASDAQ:ABVE) saw a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,034,283 shares, an increase of 69.0% from the November 30th total of 611,876 shares. Based on an average daily trading volume, of 2,041,137 shares, the days-to-cover ratio is currently 0.5 days. Currently, 10.5% of the shares of the company are sold short. Currently, 10.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,041,137 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Above Food Ingredients

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new position in shares of Above Food Ingredients in the second quarter worth $26,000. Pure Financial Advisors LLC lifted its holdings in Above Food Ingredients by 56.4% in the second quarter. Pure Financial Advisors LLC now owns 26,712 shares of the company’s stock worth $30,000 after purchasing an additional 9,631 shares during the period. Fiduciary Alliance LLC bought a new position in Above Food Ingredients in the 3rd quarter valued at about $44,000. Scotia Capital Inc. grew its position in Above Food Ingredients by 20.3% in the 2nd quarter. Scotia Capital Inc. now owns 59,938 shares of the company’s stock valued at $67,000 after buying an additional 10,113 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in Above Food Ingredients during the 3rd quarter valued at about $88,000. 28.79% of the stock is owned by institutional investors.

Above Food Ingredients Stock Down 7.4%

NASDAQ ABVE opened at $1.69 on Monday. Above Food Ingredients has a one year low of $0.25 and a one year high of $6.56. The company has a 50-day simple moving average of $2.79 and a 200-day simple moving average of $2.27.

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.