BEST Inc. (NYSE:BEST) Sees Large Decrease in Short Interest

BEST Inc. (NYSE:BESTGet Free Report) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 25,300 shares, a decline of 19.9% from the January 15th total of 31,600 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

BEST Stock Performance

NYSE:BEST opened at $2.26 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 132.28. The firm has a market capitalization of $44.83 million, a price-to-earnings ratio of -0.32 and a beta of 1.03. The firm’s fifty day simple moving average is $2.44 and its 200 day simple moving average is $2.45. BEST has a twelve month low of $1.68 and a twelve month high of $3.40.

BEST (NYSE:BESTGet Free Report) last posted its earnings results on Wednesday, November 22nd. The company reported ($1.30) earnings per share for the quarter. BEST had a negative net margin of 11.94% and a negative return on equity of 311.15%. The business had revenue of $305.19 million for the quarter.

Hedge Funds Weigh In On BEST

A number of institutional investors have recently added to or reduced their stakes in BEST. State Street Corp grew its position in shares of BEST by 10.0% during the 1st quarter. State Street Corp now owns 44,448 shares of the company’s stock valued at $35,000 after buying an additional 4,026 shares during the last quarter. Renaissance Technologies LLC bought a new position in BEST in the 1st quarter worth about $59,000. Ergoteles LLC bought a new position in BEST in the 1st quarter worth about $74,000. Jane Street Group LLC grew its position in BEST by 155.9% in the 2nd quarter. Jane Street Group LLC now owns 64,195 shares of the company’s stock worth $76,000 after purchasing an additional 39,106 shares during the last quarter. Finally, Virtu Financial LLC grew its position in BEST by 291.8% in the 1st quarter. Virtu Financial LLC now owns 124,277 shares of the company’s stock worth $80,000 after purchasing an additional 92,560 shares during the last quarter.

BEST Company Profile

(Get Free Report)

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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