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.
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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