Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLL) Sees Significant Increase in Short Interest

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 (NASDAQ:ABLLL) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 22,600 shares, a growth of 205.4% from the December 31st total of 7,400 shares. Based on an average daily trading volume, of 21,300 shares, the days-to-cover ratio is presently 1.1 days.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Price Performance

Shares of ABLLL stock opened at $27.35 on Wednesday. Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 has a 12-month low of $24.68 and a 12-month high of $38.50. The business has a 50 day simple moving average of $27.80 and a 200 day simple moving average of $26.75.