Short Interest in Abacus Life, Inc. (NASDAQ:ABL) Declines By 11.5%

Abacus Life, Inc. (NASDAQ:ABL) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 318,500 shares, a decrease of 11.5% from the March 31st total of 360,000 shares. Currently, 17.4% of the company’s shares are sold short. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 8.7 days.

Hedge Funds Weigh In On Abacus Life

A number of institutional investors have recently modified their holdings of the company. Barclays PLC acquired a new position in shares of Abacus Life during the third quarter valued at about $47,000. Inscription Capital LLC bought a new stake in Abacus Life during the 1st quarter worth about $137,000. Finally, Quarry LP acquired a new stake in Abacus Life in the 4th quarter valued at about $463,000.

Abacus Life Stock Down 0.4 %

ABL stock opened at $11.93 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.77. Abacus Life has a one year low of $5.47 and a one year high of $13.25. The firm has a 50-day moving average of $11.92 and a two-hundred day moving average of $9.89.

Abacus Life (NASDAQ:ABL) last posted its quarterly earnings data on Thursday, March 21st. The company reported ($0.10) EPS for the quarter. The business had revenue of $23.65 million for the quarter.

Abacus Life Company Profile

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.