Calavo Growers, Inc. (NASDAQ:CVGW) Short Interest Update

Calavo Growers, Inc. (NASDAQ:CVGW) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 655,300 shares, an increase of 16.0% from the November 15th total of 564,800 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average trading volume of 246,700 shares, the short-interest ratio is currently 2.7 days.

Calavo Growers Stock Down 0.5 %

Shares of NASDAQ CVGW traded down $0.12 during trading on Monday, reaching $26.46. The company had a trading volume of 47,923 shares, compared to its average volume of 205,736. Calavo Growers has a 12-month low of $20.30 and a 12-month high of $31.26. The stock has a market cap of $471.04 million, a PE ratio of -53.16 and a beta of 0.58. The business’s 50-day moving average is $27.49 and its 200 day moving average is $25.64. The company has a quick ratio of 1.77, a current ratio of 2.04 and a debt-to-equity ratio of 0.18.

Institutional Investors Weigh In On Calavo Growers

A number of institutional investors have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of Calavo Growers by 338.3% in the third quarter. Barclays PLC now owns 26,625 shares of the company’s stock worth $759,000 after acquiring an additional 20,551 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Calavo Growers during the third quarter valued at $1,007,000. Jane Street Group LLC boosted its position in shares of Calavo Growers by 215.5% during the third quarter. Jane Street Group LLC now owns 262,626 shares of the company’s stock valued at $7,493,000 after buying an additional 179,395 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of Calavo Growers during the third quarter valued at $1,378,000. Finally, Point72 DIFC Ltd boosted its position in shares of Calavo Growers by 42.3% during the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after buying an additional 973 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.