Short Interest in BurgerFi International, Inc. (NASDAQ:BFI) Decreases By 11.3%

BurgerFi International, Inc. (NASDAQ:BFI) saw a significant decline in short interest in June. As of June 15th, there was short interest totalling 230,500 shares, a decline of 11.3% from the May 31st total of 259,800 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 209,400 shares, the days-to-cover ratio is presently 1.1 days.

BurgerFi International Stock Down 15.3 %

NASDAQ:BFI traded down $0.03 during trading hours on Monday, hitting $0.17. 883,357 shares of the company’s stock traded hands, compared to its average volume of 159,966. BurgerFi International has a 52 week low of $0.13 and a 52 week high of $1.97. The business’s fifty day simple moving average is $0.33 and its two-hundred day simple moving average is $0.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.10.

BurgerFi International (NASDAQ:BFI) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. BurgerFi International had a negative return on equity of 34.77% and a negative net margin of 16.80%. The firm had revenue of $42.88 million for the quarter.

Institutional Investors Weigh In On BurgerFi International

An institutional investor recently raised its position in BurgerFi International stock. M&T Bank Corp grew its position in shares of BurgerFi International, Inc. (NASDAQ:BFI) by 536.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 201,700 shares of the company’s stock after acquiring an additional 170,000 shares during the period. M&T Bank Corp owned about 0.75% of BurgerFi International worth $173,000 at the end of the most recent quarter. 15.14% of the stock is currently owned by institutional investors.

BurgerFi International Company Profile

BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants under BurgerFi and Anthony's brand name in the United States. It operates through BurgerFi and Anthony's segments. The company's restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine; and pizza, coal fired chicken wings, homemade meatballs, and handcrafted sandwiches and salads.