Short Interest in Biglari Holdings Inc (NYSE:BH.A) Grows By 11.1%

Biglari Holdings Inc (NYSE:BH.A) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 1,000 shares, an increase of 11.1% from the August 30th total of 900 shares. Based on an average daily volume of 300 shares, the days-to-cover ratio is currently 3.3 days. Currently, 0.5% of the shares of the stock are short sold.

Separately, ValuEngine raised Biglari from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd.

Shares of NYSE BH.A traded down $16.07 during trading on Monday, reaching $414.43. The company had a trading volume of 100 shares, compared to its average volume of 334. Biglari has a twelve month low of $414.43 and a twelve month high of $905.00. The stock has a 50-day moving average price of $508.24 and a two-hundred day moving average price of $571.84.

Biglari (NYSE:BH.A) last released its quarterly earnings results on Friday, August 2nd. The company reported $63.50 earnings per share for the quarter. The company had revenue of $168.34 million during the quarter.

About Biglari

Biglari Holdings Inc, through its subsidiaries, primarily operates and franchises restaurants in the United States. The company owns, operates, and franchises restaurants under the Steak n Shake and Western Sizzlin names. As of December 31, 2018, it operated 413 Steak n Shake company-operated restaurants and 213 franchised units; and 4 Western Sizzlin company-operated restaurants and 55 franchised units.

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