Short Interest in BurgerFi International, Inc. (NASDAQ:BFI) Decreases By 11.3%

BurgerFi International, Inc. (NASDAQ:BFI) saw a large decrease in short interest in the month of 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. Based on an average daily volume of 209,400 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.6% of the company’s shares are short sold.

BurgerFi International Trading Up 11.1 %

BFI stock traded up $0.02 during midday trading on Wednesday, hitting $0.19. 251,621 shares of the company’s stock were exchanged, compared to its average volume of 161,848. The stock’s fifty day moving average price is $0.32 and its 200-day moving average price is $0.54. 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 company has a market cap of $5.18 million, a PE ratio of -0.16 and a beta of 0.52. BurgerFi International has a one year low of $0.13 and a one year high of $1.97.

BurgerFi International (NASDAQ:BFI) last released its quarterly earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. BurgerFi International had a negative net margin of 16.80% and a negative return on equity of 34.77%. The firm had revenue of $42.88 million during the quarter.

Institutional Trading of BurgerFi International

An institutional investor recently raised its position in BurgerFi International stock. M&T Bank Corp lifted its stake in BurgerFi International, Inc. (NASDAQ:BFI) by 536.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 201,700 shares of the company’s stock after acquiring an additional 170,000 shares during the quarter. M&T Bank Corp owned approximately 0.75% of BurgerFi International worth $173,000 as of its most recent SEC filing. Institutional investors own 15.14% of the company’s stock.

BurgerFi International Company Profile

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.