Calavo Growers Incorporated (NASDAQ:CVGW) Shorts Decreased by 4.36% After Short Covering

January 16, 2018 - By marketbeat

 Calavo Growers Incorporated (NASDAQ:CVGW) Shorts Decreased by 4.36% After Short Covering

Investors sentiment decreased to 1.65 in Q3 2017. Its down 0.23, from 1.88 in 2017Q2. It fall, as 13 investors sold Calavo Growers, Inc. shares while 42 reduced holdings. 16 funds opened positions while 75 raised stakes. 15.54 million shares or 6.41% more from 14.61 million shares in 2017Q2 were reported.
Supplemental Annuity Collective Of Nj holds 0.32% or 10,000 shares. State Board Of Administration Of Florida Retirement System stated it has 12,194 shares or 0% of all its holdings. Alliancebernstein L P owns 23,600 shares or 0% of their US portfolio. Nationwide Fund reported 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW). Cardinal Mngmt Limited Liability Ct, Connecticut-based fund reported 457,635 shares. Prudential Incorporated holds 0% of its portfolio in Calavo Growers, Inc. (NASDAQ:CVGW) for 26,796 shares. Capital One Association holds 0.05% in Calavo Growers, Inc. (NASDAQ:CVGW) or 9,171 shares. Cibc Mkts has invested 0% in Calavo Growers, Inc. (NASDAQ:CVGW). Eidelman Virant Cap accumulated 6,500 shares. Blair William And Co Il invested in 0% or 5,785 shares. Jpmorgan Chase stated it has 0% in Calavo Growers, Inc. (NASDAQ:CVGW). Weiss Multi invested in 0.17% or 62,300 shares. Bnp Paribas Arbitrage Sa reported 0% stake. Ny State Teachers Retirement System holds 0.01% or 52,857 shares. Wells Fargo And Co Mn has invested 0% in Calavo Growers, Inc. (NASDAQ:CVGW).

Since October 17, 2017, it had 0 insider buys, and 3 insider sales for $929,093 activity. 750 shares were sold by Snyder James E, worth $52,643. 1,000 shares were sold by Brown Marc Laurence, worth $85,050.

The stock of Calavo Growers Incorporated (NASDAQ:CVGW) registered a decrease of 4.36% in short interest. CVGW’s total short interest was 5.51M shares in January as published by FINRA. Its down 4.36% from 5.76M shares, reported previously. With 87,800 shares average volume, it will take short sellers 63 days to cover their CVGW’s short positions. The short interest to Calavo Growers Incorporated’s float is 35.96%.

The stock decreased 0.40% or $0.35 during the last trading session, reaching $88.15. About 295,155 shares traded or 91.54% up from the average. Calavo Growers, Inc. (NASDAQ:CVGW) has risen 17.64% since January 16, 2017 and is uptrending. It has outperformed by 0.94% the S&P500.

Calavo Growers, Inc. markets and distributes avocados, prepared avocados, and other perishable foods to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants worldwide. The company has market cap of $1.55 billion. It operates in three divisions: Fresh Products, Calavo Foods, and RFG. It has a 41.38 P/E ratio. The Fresh products segment distributes avocados and other fresh produce products; and procures avocados grown in Mexico, as well as various other commodities, including tomatoes, papayas, and pineapples.

Calavo Growers, Inc. (NASDAQ:CVGW) Ratings Coverage

Among 5 analysts covering Calavo Growers (NASDAQ:CVGW), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Calavo Growers had 17 analyst reports since August 24, 2015 according to SRatingsIntel. DA Davidson maintained Calavo Growers, Inc. (NASDAQ:CVGW) rating on Friday, September 4. DA Davidson has “Neutral” rating and $53 target. The firm earned “Buy” rating on Thursday, January 7 by DA Davidson. Buckingham Research maintained the shares of CVGW in report on Friday, August 18 with “Buy” rating. DA Davidson upgraded the shares of CVGW in report on Thursday, December 15 to “Buy” rating. The firm earned “Buy” rating on Wednesday, August 26 by Vetr. Lake Street maintained it with “Buy” rating and $71 target in Thursday, September 8 report. On Friday, November 11 the stock rating was upgraded by Stephens to “Overweight”. The rating was maintained by Buckingham Research on Friday, January 15 with “Buy”. Stephens maintained the shares of CVGW in report on Monday, August 24 with “Overweight” rating. The firm has “Buy” rating given on Wednesday, December 30 by Lake Street.

More notable recent Calavo Growers, Inc. (NASDAQ:CVGW) news were published by: Seekingalpha.com which released: “Calavo Growers – Recent Stock Price Momentum Is Poised To Continue In 2018” on January 15, 2018, also Nasdaq.com with their article: “Calavo Growers, Inc. (CVGW) Ex-Dividend Date Scheduled for November 16, 2017” published on November 15, 2017, Businesswire.com published: “Calavo Growers, Inc. Chief Executive Officer Lee E. Cole Issues Statement …” on December 09, 2017. More interesting news about Calavo Growers, Inc. (NASDAQ:CVGW) were released by: Seekingalpha.com and their article: “So How About Those Avocados?” published on November 09, 2017 as well as Nasdaq.com‘s news article titled: “Calavo Growers Inc. (CVGW) Has Jumped To A New High On Strong Q4 Earnings” with publication date: December 19, 2017.

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