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

by · The Cerbat Gem

BEST Inc. (NYSE:BEST – Get Free Report) was the recipient 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 short-interest ratio is presently 1.8 days. Currently, 0.3% of the company’s stock are short sold.

BEST Price Performance

NYSE:BEST remained flat at $2.71 during trading hours on Thursday. The company had a trading volume of 4,245 shares, compared to its average volume of 22,386. BEST has a 52-week low of $1.85 and a 52-week high of $2.77. The company has a market capitalization of $54.68 million, a PE ratio of -0.51 and a beta of 0.82. The company has a 50-day simple moving average of $2.73 and a two-hundred day simple moving average of $2.52.

Institutional Investors Weigh In On BEST

A hedge fund recently bought a new stake in BEST stock. Deuterium Capital Management LLC purchased a new position in shares of BEST Inc. (NYSE:BEST – Free Report) during the 1st quarter, according to the company in its most recent disclosure 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 0.16% of BEST as of its most recent SEC filing. Institutional investors own 5.09% of the company’s stock.

About BEST

(Get Free Report)

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.

Further Reading