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

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

Abacus Life Stock Down 0.4 %

ABL traded down $0.05 on Friday, hitting $11.93. The company had a trading volume of 21,057 shares, compared to its average volume of 36,874. Abacus Life has a 12-month low of $5.47 and a 12-month high of $13.25. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.77. The business's fifty day simple moving average is $11.92 and its 200 day simple moving average is $9.89.

Abacus Life (NASDAQ:ABL - Get Free Report) last released its quarterly earnings results on Thursday, March 21st. The company reported ($0.10) EPS for the quarter. The company had revenue of $23.65 million during the quarter.

Institutional Trading of Abacus Life

Institutional investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Abacus Life in the third quarter worth about $47,000. Inscription Capital LLC bought a new stake in Abacus Life in the first quarter worth about $137,000. Finally, Quarry LP bought a new stake in Abacus Life in the fourth quarter worth about $463,000.

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.