Mission Produce, Inc. (NASDAQ:AVO) Short Interest Down 35.9% in June

Posted by on Jul 2nd, 2026

Mission Produce, Inc. (NASDAQ:AVO – Get Free Report) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 4,219,805 shares, a drop of 35.9% from the May 31st total of 6,578,730 shares. Based on an average daily volume of 2,164,839 shares, the short-interest ratio is presently 1.9 days. Currently, 6.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AVO shares. Weiss Ratings downgraded shares of Mission Produce from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 9th. UBS Group set a $16.00 price objective on Mission Produce in a report on Wednesday, June 10th. Wall Street Zen lowered Mission Produce from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Finally, Freedom Capital raised Mission Produce to a “strong-buy” rating in a report on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

View Our Latest Stock Analysis on Mission Produce

Insider Activity at Mission Produce

In related news, Director Bruce C. Taylor acquired 70,283 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was acquired at an average price of $11.25 per share, with a total value of $790,683.75. Following the purchase, the director directly owned 855,842 shares in the company, valued at approximately $9,628,222.50. This trade represents a 8.95% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bryan E. Giles sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $12.13, for a total transaction of $60,650.00. Following the completion of the sale, the chief financial officer owned 146,931 shares in the company, valued at $1,782,273.03. This represents a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have purchased 929,702 shares of company stock valued at $10,490,901. 30.85% of the stock is owned by insiders.

Hedge Funds Weigh In On Mission Produce

A number of hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in Mission Produce in the third quarter valued at $29,000. Leonteq Securities AG bought a new position in Mission Produce during the 4th quarter worth $31,000. GAMMA Investing LLC lifted its holdings in Mission Produce by 87.1% during the 4th quarter. GAMMA Investing LLC now owns 4,589 shares of the company’s stock worth $53,000 after buying an additional 2,136 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Mission Produce by 211.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,649 shares of the company’s stock worth $54,000 after buying an additional 3,158 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in shares of Mission Produce by 466.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 7,035 shares of the company’s stock valued at $82,000 after buying an additional 5,792 shares during the last quarter. Institutional investors and hedge funds own 63.57% of the company’s stock.

Mission Produce Trading Up 0.8%

NASDAQ:AVO traded up $0.10 during mid-day trading on Thursday, hitting $12.54. 133,665 shares of the company’s stock were exchanged, compared to its average volume of 1,096,518. The company has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $12.88. The company has a current ratio of 1.91, a quick ratio of 1.12 and a debt-to-equity ratio of 0.22. Mission Produce has a fifty-two week low of $10.07 and a fifty-two week high of $15.53. The firm has a market capitalization of $1.11 billion, a P/E ratio of 39.20 and a beta of 0.49.

Mission Produce declared that its Board of Directors has initiated a stock buyback plan on Monday, June 8th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to purchase up to 13.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Mission Produce Company Profile

(Get Free Report)

Mission Produce, Inc is a leading global supplier, packer and distributor of fresh avocados, serving retail, foodservice and industrial customers. The company manages a vertically integrated supply chain that spans sourcing, post-harvest handling, packing and ripening. Through proprietary ripening technologies and cold-chain logistics, Mission Produce delivers consistent quality and extended shelf life for its avocado offerings.

Founded in 1983 and headquartered in Oxnard, California, Mission Produce grew from a regional packing operation into a publicly traded company listed on the Nasdaq under the ticker AVO.

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