Short Interest in Abacus Life, Inc. (NASDAQ:ABL) Grows By 12.1%

Abacus Life, Inc. (NASDAQ:ABLGet Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 346,900 shares, an increase of 12.1% from the February 29th total of 309,400 shares. Currently, 23.3% of the shares of the stock are sold short. Based on an average trading volume of 42,300 shares, the days-to-cover ratio is presently 8.2 days.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Abacus Life from a “d+” rating to a “c-” rating in a report on Thursday, December 14th.

View Our Latest Stock Report on Abacus Life

Abacus Life Stock Performance

ABL stock opened at $12.21 on Tuesday. The stock has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $9.26. Abacus Life has a 12-month low of $5.47 and a 12-month high of $13.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.36 and a quick ratio of 1.36.

Institutional Investors Weigh In On Abacus Life

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in shares of Abacus Life in the fourth quarter worth about $463,000. Northern Trust Corp purchased a new stake in shares of Abacus Life in the fourth quarter worth about $130,000. Finally, Barclays PLC purchased a new stake in shares of Abacus Life in the third quarter worth about $47,000.

Abacus Life Company Profile

(Get Free Report)

Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.

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