BEST Inc. (NYSE:BEST) Short Interest Update

BEST Inc. (NYSE:BEST) was the recipient 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. Based on an average daily trading volume, of 26,200 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

BEST Stock Performance

Shares of BEST stock remained flat at $2.78 during trading on Friday. 16,628 shares of the stock traded hands, compared to its average volume of 30,701. BEST has a 1-year low of $1.85 and a 1-year high of $2.81. The firm has a market cap of $55.86 million, a P/E ratio of -0.53 and a beta of 0.78. The business’s fifty day simple moving average is $2.71 and its two-hundred day simple moving average is $2.71.

Institutional Investors Weigh In On BEST

A number of institutional investors have recently added to or reduced their stakes in BEST. Skandinaviska Enskilda Banken AB publ increased its position in shares of BEST by 5.3% during the 4th 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. CSS LLC IL increased its holdings in shares of 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 buying an additional 25,506 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of BEST in the 4th quarter worth approximately $81,000. 5.09% of the stock is owned by institutional investors and hedge funds.

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.