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

Calavo Growers, Inc. (NASDAQ:CVGW) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 611,100 shares, a decline of 6.7% from the November 30th total of 655,300 shares. Currently, 3.7% of the shares of the company are sold short. Based on an average daily trading volume, of 144,300 shares, the short-interest ratio is presently 4.2 days.

Calavo Growers Price Performance

Shares of CVGW opened at $25.51 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.04 and a quick ratio of 1.77. The company’s fifty day moving average price is $26.93 and its 200-day moving average price is $25.62. Calavo Growers has a 1-year low of $20.30 and a 1-year high of $31.26. The firm has a market capitalization of $454.05 million, a PE ratio of -51.02 and a beta of 0.58.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Calavo Growers by 40.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,831 shares of the company’s stock worth $87,000 after acquiring an additional 1,100 shares during the period. Point72 DIFC Ltd boosted its holdings in Calavo Growers by 42.3% in the third quarter. Point72 DIFC Ltd now owns 3,272 shares of the company’s stock valued at $93,000 after purchasing an additional 973 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Calavo Growers during the 3rd quarter valued at about $219,000. LMR Partners LLP purchased a new position in shares of Calavo Growers during the 3rd quarter valued at about $253,000. Finally, Inspire Investing LLC acquired a new position in shares of Calavo Growers in the 2nd quarter valued at about $346,000. 81.30% of the stock is owned by institutional investors and hedge funds.

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.