BEST Inc. (NYSE:BEST – Get Free Report) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 42,300 shares, a drop of 53.9% from the June 30th total of 91,700 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 33,800 shares, the days-to-cover ratio is presently 1.3 days.
BEST Price Performance
NYSE BEST remained flat at $2.75 during trading on Friday. The company’s stock had a trading volume of 4,508 shares, compared to its average volume of 28,716. The firm has a market cap of $55.50 million, a P/E ratio of -0.52 and a beta of 0.83. BEST has a 12-month low of $1.85 and a 12-month high of $2.94. The company has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.29.
BEST (NYSE:BEST – Get Free Report) last announced its quarterly earnings data on Thursday, June 6th. The company reported ($1.20) EPS for the quarter. BEST had a negative return on equity of 953.33% and a negative net margin of 8.57%. The business had revenue of $268.97 million during the quarter.
Hedge Funds Weigh In On BEST
BEST Company Profile
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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