Short Interest in Above Food Ingredients Inc. (NASDAQ:ABVE) Declines By 23.9%

Above Food Ingredients Inc. (NASDAQ:ABVE) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 872,880 shares, a decrease of 23.9% from the December 31st total of 1,147,555 shares. Approximately 8.8% of the shares of the company are sold short. Based on an average daily volume of 1,840,074 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,840,074 shares, the short-interest ratio is currently 0.5 days. Approximately 8.8% of the shares of the company are sold short.

Above Food Ingredients Stock Up 3.1%

Shares of ABVE stock opened at $2.01 on Friday. The business’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.40. Above Food Ingredients has a 1-year low of $0.25 and a 1-year high of $6.56.

Institutional Inflows and Outflows

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