BEST Inc. (NYSE:BEST) Sees Large Increase in Short Interest

BEST Inc. (NYSE:BEST) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 27,400 shares, an increase of 214.9% from the January 31st total of 8,700 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 26,200 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On BEST

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CSS LLC IL raised its stake in BEST by 25.5% during the 4th quarter. CSS LLC IL now owns 125,680 shares of the company’s stock valued at $333,000 after purchasing an additional 25,506 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of BEST during the fourth quarter valued at about $81,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in shares of BEST by 5.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 184,206 shares of the company’s stock valued at $488,000 after buying an additional 9,243 shares during the period. Institutional investors and hedge funds own 5.09% of the company’s stock.

BEST Stock Performance

Shares of BEST stock remained flat at $2.78 during trading on Friday. The stock had a trading volume of 16,628 shares, compared to its average volume of 30,701. The stock has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $2.71. The company has a market cap of $55.86 million, a price-to-earnings ratio of -0.53 and a beta of 0.78. BEST has a twelve month low of $1.85 and a twelve month high of $2.81.

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.