Upexi, Inc. (NASDAQ:UPXI) Sees Significant Growth in Short Interest

Upexi, Inc. (NASDAQ:UPXI) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 39,300 shares, a growth of 88.9% from the February 28th total of 20,800 shares. Based on an average trading volume of 129,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 3.8% of the company’s stock are sold short.

Upexi Price Performance

Shares of UPXI opened at $2.24 on Friday. Upexi has a 52 week low of $2.17 and a 52 week high of $15.91. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average price is $3.20 and its 200 day moving average price is $4.00.

Upexi (NASDAQ:UPXI) last announced its quarterly earnings results on Friday, February 14th. The company reported ($1.24) earnings per share for the quarter. The business had revenue of $4.01 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Upexi stock. Bank of Montreal Can acquired a new stake in Upexi, Inc. (NASDAQ:UPXI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned approximately 0.81% of Upexi at the end of the most recent quarter. Institutional investors own 5.68% of the company’s stock.

About Upexi

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.