BEST Inc. (NYSE:BEST) Short Interest Down 14.9% in October

BEST Inc. (NYSE:BEST) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 38,800 shares, a drop of 14.9% from the September 30th total of 45,600 shares. Based on an average daily volume of 21,800 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.3% of the shares of the stock are short sold.

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) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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. 5.09% of the stock is currently owned by institutional investors.

BEST Price Performance

BEST stock traded down $0.01 during trading on Tuesday, hitting $2.69. The stock had a trading volume of 350 shares, compared to its average volume of 22,512. BEST has a twelve month low of $1.85 and a twelve month high of $2.77. The company’s 50-day moving average price is $2.73 and its two-hundred day moving average price is $2.51. The stock has a market capitalization of $54.27 million, a P/E ratio of -0.51 and a beta of 0.82.

About BEST

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.