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

Above Food Ingredients Inc. (NASDAQ:ABVE) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,539,309 shares, a decline of 57.3% from the May 14th total of 3,601,627 shares. Approximately 8.5% of the shares of the stock are sold short. Based on an average daily volume of 2,548,256 shares, the days-to-cover ratio is presently 0.6 days.

Above Food Ingredients Stock Performance

Shares of ABVE stock opened at $0.11 on Friday. Above Food Ingredients has a 52 week low of $0.10 and a 52 week high of $6.56. The company’s fifty day simple moving average is $0.56 and its two-hundred day simple moving average is $1.36.

Institutional Trading of Above Food Ingredients

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Above Food Ingredients by 1,096.8% in the 1st quarter. Renaissance Technologies LLC now owns 832,717 shares of the company’s stock worth $841,000 after purchasing an additional 763,136 shares in the last quarter. Cantor Fitzgerald L. P. increased its holdings 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 worth $357,000 after buying an additional 60,000 shares during the last quarter. XTX Topco Ltd increased its holdings 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 worth $164,000 after buying an additional 73,100 shares during the last quarter. GM Advisory Group LLC bought a new stake in shares of Above Food Ingredients in the 4th quarter worth about $106,000. Finally, Virtu Financial LLC bought a new stake in shares of Above Food Ingredients in the 4th quarter worth about $105,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.

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.