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 December. As of December 15th, there was short interest totaling 1,034,283 shares, a growth of 69.0% from the November 30th total of 611,876 shares. Based on an average daily volume of 2,041,137 shares, the days-to-cover ratio is presently 0.5 days. Approximately 10.5% of the shares of the stock are sold short. Approximately 10.5% of the shares of the stock are sold short. Based on an average daily volume of 2,041,137 shares, the days-to-cover ratio is presently 0.5 days.

Above Food Ingredients Trading Down 7.4%

NASDAQ:ABVE opened at $1.69 on Friday. The business’s 50-day moving average is $2.79 and its 200 day moving average is $2.26. Above Food Ingredients has a 12 month low of $0.25 and a 12 month high of $6.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ABVE. Cantor Fitzgerald L. P. boosted its stake in Above Food Ingredients by 41.4% during the third quarter. Cantor Fitzgerald L. P. now owns 205,000 shares of the company’s stock worth $357,000 after buying an additional 60,000 shares during the period. Millennium Management LLC bought a new position in shares of Above Food Ingredients in the third quarter worth about $88,000. Fiduciary Alliance LLC bought a new stake in Above Food Ingredients during the 3rd quarter valued at about $44,000. Geode Capital Management LLC purchased a new stake in Above Food Ingredients in the 2nd quarter valued at about $26,000. Finally, Scotia Capital Inc. grew its stake in Above Food Ingredients by 20.3% in the 2nd quarter. Scotia Capital Inc. now owns 59,938 shares of the company’s stock worth $67,000 after acquiring an additional 10,113 shares in the last quarter. 28.79% of the stock is currently owned by institutional investors.

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.