BEST Inc. (NYSE:BEST) Short Interest Update

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

BEST Trading Up 0.2 %

BEST stock traded up $0.01 during mid-day trading on Friday, hitting $2.79. The company’s stock had a trading volume of 18,905 shares, compared to its average volume of 30,762. The firm has a market capitalization of $55.96 million, a PE ratio of -0.53 and a beta of 0.78. BEST has a 1 year low of $1.85 and a 1 year high of $2.81. The stock’s fifty day moving average is $2.71 and its two-hundred day moving average is $2.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BEST. Virtu Financial LLC purchased a new position in BEST in the fourth quarter worth approximately $81,000. CSS LLC IL lifted its stake in BEST by 25.5% during the fourth quarter. CSS LLC IL now owns 125,680 shares of the company’s stock worth $333,000 after purchasing an additional 25,506 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in BEST by 5.3% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 184,206 shares of the company’s stock worth $488,000 after purchasing an additional 9,243 shares in the last quarter. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

BEST Company Profile

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.