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:ABLLLGet Free Report) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 22,600 shares, an increase of 205.4% from the December 15th total of 7,400 shares. Based on an average daily 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 Stock Performance

ABLLL stock opened at $26.29 on Wednesday. The firm’s 50-day moving average is $27.69 and its two-hundred day moving average is $26.65. Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 has a 52 week low of $24.68 and a 52 week high of $38.50.

Abacus Life, Inc. 9.875% Fixed Rate Senior Notes due 2028 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, November 14th were paid a $0.6172 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date was Thursday, November 14th.

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