Bright Green Co. (NASDAQ:BGXX) Short Interest Update

Bright Green Co. (NASDAQ:BGXX) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,240,000 shares, a decrease of 9.2% from the March 15th total of 3,570,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is presently 1.6 days. Currently, 4.7% of the company’s stock are short sold.

Bright Green Stock Performance

NASDAQ:BGXX traded down $0.00 during trading hours on Tuesday, hitting $0.22. The company’s stock had a trading volume of 107,432 shares, compared to its average volume of 1,815,003. The stock has a fifty day moving average of $0.23 and a 200-day moving average of $0.28. Bright Green has a 52-week low of $0.15 and a 52-week high of $1.81.

Hedge Funds Weigh In On Bright Green

Several large investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in Bright Green by 34.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,488,534 shares of the company’s stock valued at $1,152,000 after acquiring an additional 893,636 shares in the last quarter. BlackRock Inc. boosted its stake in Bright Green by 336.5% in the second quarter. BlackRock Inc. now owns 3,394,016 shares of the company’s stock valued at $3,428,000 after acquiring an additional 2,616,520 shares in the last quarter. Geode Capital Management LLC boosted its stake in Bright Green by 83.7% in the second quarter. Geode Capital Management LLC now owns 1,266,240 shares of the company’s stock valued at $1,279,000 after acquiring an additional 577,013 shares in the last quarter. State Street Corp boosted its stake in Bright Green by 303.5% in the second quarter. State Street Corp now owns 889,648 shares of the company’s stock valued at $899,000 after acquiring an additional 669,148 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Bright Green by 331.1% in the second quarter. Northern Trust Corp now owns 536,985 shares of the company’s stock valued at $542,000 after acquiring an additional 412,418 shares in the last quarter. Hedge funds and other institutional investors own 7.83% of the company’s stock.

Bright Green Company Profile

Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated exports. The company was incorporated in 2019 and is based in Grants, New Mexico.