Short Interest in Calavo Growers, Inc. (NASDAQ:CVGW) Expands By 16.0%

Calavo Growers, Inc. (NASDAQ:CVGW - Get Free Report) was the recipient of a significant increase in short interest in 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. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 246,700 shares, the days-to-cover ratio is currently 2.7 days.

Calavo Growers Trading Down 0.1 %

Shares of Calavo Growers stock traded down $0.03 on Monday, reaching $26.55. 101,856 shares of the company's stock were exchanged, compared to its average volume of 205,988. The firm's 50-day moving average is $27.45 and its two-hundred day moving average is $25.65. Calavo Growers has a 52 week low of $20.30 and a 52 week high of $31.26. The company has a market capitalization of $472.64 million, a P/E ratio of -53.10 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Nuance Investments LLC increased its holdings in Calavo Growers by 25.1% in the 3rd quarter. Nuance Investments LLC now owns 1,636,969 shares of the company's stock worth $46,703,000 after acquiring an additional 328,820 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Calavo Growers by 246.7% during the 2nd quarter. American Century Companies Inc. now owns 261,316 shares of the company's stock valued at $5,932,000 after buying an additional 185,946 shares in the last quarter. Jane Street Group LLC boosted its holdings in Calavo Growers by 215.5% in the 3rd quarter. Jane Street Group LLC now owns 262,626 shares of the company's stock worth $7,493,000 after buying an additional 179,395 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Calavo Growers by 40.7% during the second quarter. Deprince Race & Zollo Inc. now owns 356,319 shares of the company's stock worth $8,088,000 after acquiring an additional 103,024 shares in the last quarter. Finally, Deerfield Management Company L.P. Series C grew its position in shares of Calavo Growers by 566.9% in the second quarter. Deerfield Management Company L.P. Series C now owns 70,514 shares of the company's stock valued at $1,601,000 after purchasing an additional 59,940 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

About Calavo Growers

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.