BurgerFi International, Inc. (NASDAQ:BFI – Get Free Report) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totalling 230,500 shares, a decrease of 11.3% from the May 31st total of 259,800 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 209,400 shares, the days-to-cover ratio is presently 1.1 days.
Hedge Funds Weigh In On BurgerFi International
A hedge fund recently raised its stake in BurgerFi International stock. M&T Bank Corp raised its position in BurgerFi International, Inc. (NASDAQ:BFI – Free Report) by 536.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 201,700 shares of the company’s stock after acquiring an additional 170,000 shares during the period. M&T Bank Corp owned about 0.75% of BurgerFi International worth $173,000 as of its most recent filing with the SEC. 15.14% of the stock is owned by institutional investors and hedge funds.
BurgerFi International Stock Down 15.3 %
Shares of NASDAQ:BFI traded down $0.03 during midday trading on Monday, reaching $0.17. The company’s stock had a trading volume of 883,357 shares, compared to its average volume of 159,966. BurgerFi International has a fifty-two week low of $0.13 and a fifty-two week high of $1.97. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.10 and a current ratio of 0.12. The business’s fifty day simple moving average is $0.33 and its 200-day simple moving average is $0.55.
About BurgerFi International
BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants under BurgerFi and Anthony's brand name in the United States. It operates through BurgerFi and Anthony's segments. The company's restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine; and pizza, coal fired chicken wings, homemade meatballs, and handcrafted sandwiches and salads.
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