Short Interest in Bright Green Co. (NASDAQ:BGXX) Declines By 33.8%

Bright Green Co. (NASDAQ:BGXX) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 1,840,000 shares, a decrease of 33.8% from the June 15th total of 2,780,000 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is currently 1.1 days.

Bright Green Price Performance

Shares of Bright Green stock traded down $0.01 during midday trading on Monday, reaching $0.26. The company had a trading volume of 322,468 shares, compared to its average volume of 1,768,753. The stock has a fifty day simple moving average of $0.26 and a 200 day simple moving average of $0.25. Bright Green has a 1-year low of $0.15 and a 1-year high of $0.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.01 and a current ratio of 0.01.

Bright Green (NASDAQ:BGXX) last released its earnings results on Monday, May 20th. The company reported ($0.01) EPS for the quarter.

Insider Buying and Selling

In related news, Director Lynn Stockwell sold 1,000,000 shares of Bright Green stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $0.36, for a total value of $360,000.00. Following the completion of the transaction, the director now directly owns 68,183,658 shares of the company’s stock, valued at $24,546,116.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 51.38% of the stock is owned by corporate insiders.

Institutional Trading of Bright Green

An institutional investor recently raised its position in Bright Green stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Bright Green Co. (NASDAQ:BGXX) by 34.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,488,534 shares of the company’s stock after purchasing an additional 893,636 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 1.90% of Bright Green worth $1,152,000 at the end of the most recent reporting period. 7.83% of the stock is owned by hedge funds and other institutional investors.

Bright Green Company Profile

Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated exports. The company was incorporated in 2019 and is based in Grants, New Mexico.