Upexi, Inc. (NASDAQ:UPXI) Short Interest Up 88.9% in March

Upexi, Inc. (NASDAQ:UPXI) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 39,300 shares, an increase of 88.9% from the February 28th total of 20,800 shares. Based on an average daily volume of 129,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.8% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can bought a new position in shares of Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.81% of Upexi as of its most recent SEC filing. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Upexi Price Performance

NASDAQ UPXI opened at $2.24 on Friday. Upexi has a twelve month low of $2.17 and a twelve month high of $15.91. The stock has a fifty day simple moving average of $3.20 and a 200 day simple moving average of $4.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.53 and a current ratio of 0.58.

Upexi (NASDAQ:UPXI) last issued its quarterly earnings results on Friday, February 14th. The company reported ($1.24) earnings per share for the quarter. The firm had revenue of $4.01 million during the quarter.

Upexi Company Profile

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.