Short Interest in Above Food Ingredients Inc. (NASDAQ:ABVE) Drops By 57.3%

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

Institutional Investors Weigh In On Above Food Ingredients

Several hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC purchased a new stake in Above Food Ingredients in the 2nd quarter worth about $26,000. Turn8 Private Wealth Inc. purchased a new stake in Above Food Ingredients in the 1st quarter worth about $27,000. Engineers Gate Manager LP purchased a new stake in Above Food Ingredients in the 4th quarter worth about $49,000. Millennium Management LLC purchased a new stake in Above Food Ingredients in the 3rd quarter worth about $88,000. Finally, Cantor Fitzgerald L. P. lifted its stake in 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 acquiring an additional 60,000 shares in the last quarter. 28.79% of the stock is owned by hedge funds and other institutional investors.

Above Food Ingredients Price Performance

Shares of NASDAQ ABVE remained flat at $0.11 during mid-day trading on Friday. Above Food Ingredients has a twelve month low of $0.10 and a twelve month high of $6.56. The company has a 50-day moving average price of $0.55 and a 200 day moving average price of $1.35.

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.