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

Fresh Del Monte Produce Inc. (NYSE:FDP) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 722,300 shares, an increase of 8.8% from the January 15th total of 663,800 shares. Based on an average trading volume of 308,300 shares, the days-to-cover ratio is currently 2.3 days. Currently, 1.8% of the shares of the stock are sold short.

Institutional Trading of Fresh Del Monte Produce

Hedge funds have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in Fresh Del Monte Produce by 5.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,576 shares of the company’s stock worth $31,329,000 after buying an additional 59,521 shares during the last quarter. Barclays PLC lifted its position in Fresh Del Monte Produce by 185.7% in the 3rd quarter. Barclays PLC now owns 70,694 shares of the company’s stock worth $2,087,000 after buying an additional 45,952 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Fresh Del Monte Produce by 25.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 437,998 shares of the company’s stock worth $12,938,000 after buying an additional 88,900 shares during the last quarter. Chesapeake Capital Corp IL bought a new stake in Fresh Del Monte Produce in the 3rd quarter worth approximately $592,000. Finally, CWA Asset Management Group LLC bought a new stake in Fresh Del Monte Produce in the 4th quarter worth approximately $625,000. Institutional investors own 64.83% of the company’s stock.

Fresh Del Monte Produce Price Performance

Shares of FDP traded down $0.53 during trading hours on Friday, reaching $30.25. 198,561 shares of the company’s stock traded hands, compared to its average volume of 254,457. The stock has a market cap of $1.45 billion, a PE ratio of 91.68 and a beta of 0.39. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm’s 50 day simple moving average is $32.04 and its 200-day simple moving average is $30.82. Fresh Del Monte Produce has a 12 month low of $21.23 and a 12 month high of $35.27.

Fresh Del Monte Produce Company Profile

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.