Short Interest in Mission Produce, Inc. (NASDAQ:AVO) Grows By 14.4%

Mission Produce, Inc. (NASDAQ:AVO) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totalling 1,140,000 shares, a growth of 14.4% from the August 31st total of 996,500 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average trading volume of 270,700 shares, the days-to-cover ratio is currently 4.2 days.

Insider Buying and Selling at Mission Produce

In other Mission Produce news, Director Jay A. Pack sold 22,000 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $13.41, for a total value of $295,020.00. Following the sale, the director now owns 1,115,160 shares of the company’s stock, valued at $14,954,295.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mission Produce news, Director Luis A. Gonzalez sold 51,615 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $13.28, for a total transaction of $685,447.20. Following the sale, the director now directly owns 7,219,614 shares of the company’s stock, valued at approximately $95,876,473.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jay A. Pack sold 22,000 shares of Mission Produce stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $13.41, for a total transaction of $295,020.00. Following the sale, the director now owns 1,115,160 shares of the company’s stock, valued at $14,954,295.60. The disclosure for this sale can be found here. In the last three months, insiders sold 296,059 shares of company stock worth $3,920,360. 41.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mission Produce

Institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Mission Produce by 15.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,932 shares of the company’s stock worth $166,000 after buying an additional 1,870 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Mission Produce by 22.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,498 shares of the company’s stock worth $123,000 after purchasing an additional 2,332 shares during the period. XTX Topco Ltd grew its stake in shares of Mission Produce by 18.7% in the 2nd quarter. XTX Topco Ltd now owns 19,179 shares of the company’s stock valued at $189,000 after purchasing an additional 3,025 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Mission Produce by 245.2% during the first quarter. Lazard Asset Management LLC now owns 4,381 shares of the company’s stock valued at $52,000 after acquiring an additional 3,112 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Mission Produce by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 161,591 shares of the company’s stock valued at $1,597,000 after buying an additional 4,160 shares in the last quarter. 63.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AVO. Roth Mkm boosted their price target on Mission Produce from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Lake Street Capital reiterated a “buy” rating and issued a $15.00 price target on shares of Mission Produce in a research note on Tuesday, September 10th.

Mission Produce Price Performance

AVO traded down $0.08 on Monday, reaching $12.87. The company had a trading volume of 50,885 shares, compared to its average volume of 223,113. Mission Produce has a one year low of $8.19 and a one year high of $13.62. The company has a market capitalization of $912.61 million, a P/E ratio of 51.80 and a beta of 0.47. The company has a fifty day moving average of $11.31 and a 200-day moving average of $11.28. The company has a current ratio of 2.02, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28.

Mission Produce Company Profile

Mission Produce, Inc engages in the sourcing, farming, packaging, marketing, and distribution of avocados, mangoes, and blueberries to food retailers, distributors, and foodservice customers in the United States and internationally. The company operates through three segments, Marketing and Distribution; International Farming; and Blueberries.