Short Interest in Upexi, Inc. (NASDAQ:UPXI) Declines By 35.2%

Upexi, Inc. (NASDAQ:UPXI) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 5,900 shares, a drop of 35.2% from the June 30th total of 9,100 shares. Based on an average daily volume of 61,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Upexi Stock Performance

NASDAQ:UPXI traded down $0.01 during trading hours on Friday, hitting $0.40. The stock had a trading volume of 29,347 shares, compared to its average volume of 96,735. The company has a 50 day simple moving average of $0.45 and a two-hundred day simple moving average of $0.63. The company has a quick ratio of 0.33, a current ratio of 0.93 and a debt-to-equity ratio of 0.44. Upexi has a one year low of $0.34 and a one year high of $2.29.

Upexi (NASDAQ:UPXI) last posted its quarterly earnings data on Tuesday, July 9th. The company reported ($0.20) earnings per share for the quarter. The company had revenue of $14.45 million for the quarter. Upexi had a negative net margin of 28.34% and a negative return on equity of 54.97%.

Institutional Trading of Upexi

A hedge fund recently bought a new stake in Upexi stock. Team Hewins LLC acquired a new stake in shares of Upexi, Inc. (NASDAQ:UPXI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 428,254 shares of the company’s stock, valued at approximately $497,000. Team Hewins LLC owned approximately 2.11% of Upexi as of its most recent filing with the SEC. Hedge funds and other institutional investors own 5.68% of the company’s stock.

About Upexi

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.