Fresh Del Monte Produce Inc. (NYSE:FDP) Short Interest Up 8.8% in January

Fresh Del Monte Produce Inc. (NYSE:FDP - Get Free Report) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 722,300 shares, a growth of 8.8% from the January 15th total of 663,800 shares. Approximately 1.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 308,300 shares, the short-interest ratio is presently 2.3 days.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Parvin Asset Management LLC acquired a new position in shares of Fresh Del Monte Produce during the fourth quarter worth $30,000. Sterling Capital Management LLC increased its holdings in Fresh Del Monte Produce by 795.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,083 shares of the company's stock valued at $36,000 after purchasing an additional 962 shares during the period. McIlrath & Eck LLC acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $48,000. State of Wyoming acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $54,000. Finally, Sherman Asset Management Inc. acquired a new stake in Fresh Del Monte Produce in the fourth quarter valued at $54,000. 64.83% of the stock is currently owned by institutional investors and hedge funds.

Fresh Del Monte Produce Price Performance

Shares of NYSE:FDP traded up $0.17 during trading on Thursday, hitting $30.64. 263,941 shares of the company were exchanged, compared to its average volume of 272,935. The business's 50 day moving average is $31.78 and its 200-day moving average is $30.87. The company has a market capitalization of $1.47 billion, a P/E ratio of 92.85 and a beta of 0.39. The company has a quick ratio of 1.04, a current ratio of 2.09 and a debt-to-equity ratio of 0.14. Fresh Del Monte Produce has a 1-year low of $21.23 and a 1-year high of $35.27.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.