BEST Inc. (NYSE:BEST – Get Free Report) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 27,400 shares, a growth of 214.9% from the January 31st total of 8,700 shares. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the stock are sold short.
BEST Price Performance
NYSE BEST traded up $0.01 during trading hours on Friday, reaching $2.79. The company’s stock had a trading volume of 18,905 shares, compared to its average volume of 30,762. The firm has a market capitalization of $55.96 million, a price-to-earnings ratio of -0.53 and a beta of 0.78. BEST has a 1-year low of $1.85 and a 1-year high of $2.81. The company’s 50-day moving average is $2.71 and its two-hundred day moving average is $2.71.
Hedge Funds Weigh In On BEST
A number of large investors have recently bought and sold shares of BEST. Skandinaviska Enskilda Banken AB publ increased its stake in BEST by 5.3% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 184,206 shares of the company’s stock worth $488,000 after buying an additional 9,243 shares in the last quarter. CSS LLC IL increased its stake in BEST by 25.5% during the 4th quarter. CSS LLC IL now owns 125,680 shares of the company’s stock worth $333,000 after buying an additional 25,506 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in BEST during the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 5.09% of the company’s stock.
About BEST
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
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