BEST Inc. (NYSE:BEST – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 42,300 shares, a decline of 53.9% from the June 30th total of 91,700 shares. Based on an average trading volume of 33,800 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.4% of the shares of the company are sold short.
Institutional Trading of BEST
An institutional investor recently bought a new position in BEST stock. Deuterium Capital Management LLC purchased a new position in shares of BEST Inc. (NYSE:BEST – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 32,409 shares of the company’s stock, valued at approximately $71,000. Deuterium Capital Management LLC owned about 0.16% of BEST at the end of the most recent quarter. Institutional investors and hedge funds own 5.09% of the company’s stock.
BEST Price Performance
NYSE:BEST remained flat at $2.75 during mid-day trading on Friday. The company had a trading volume of 4,508 shares, compared to its average volume of 28,716. The stock has a market cap of $55.50 million, a PE ratio of -0.52 and a beta of 0.83. The stock’s fifty day moving average price is $2.46 and its 200-day moving average price is $2.29. BEST has a 1-year low of $1.85 and a 1-year high of $2.94.
BEST Company Profile
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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