Upexi, Inc. (NASDAQ:UPXI) Sees Large Increase in Short Interest

Upexi, Inc. (NASDAQ:UPXI) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totalling 22,100 shares, an increase of 274.6% from the July 15th total of 5,900 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 898,400 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On Upexi

A hedge fund recently bought a new stake in Upexi stock. Victory Capital Management Inc. purchased a new position in Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,553 shares of the company’s stock, valued at approximately $40,000. Victory Capital Management Inc. owned 0.17% of Upexi as of its most recent SEC filing. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Upexi Stock Up 3.9 %

Upexi stock traded up $0.01 during mid-day trading on Monday, hitting $0.20. The company’s stock had a trading volume of 201,803 shares, compared to its average volume of 432,429. The business has a 50 day moving average price of $0.40 and a 200-day moving average price of $0.56. Upexi has a 12 month low of $0.19 and a 12 month high of $1.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.33 and a current ratio of 0.93.

Upexi (NASDAQ:UPXI) last issued its earnings results on Tuesday, July 9th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $14.45 million during the quarter. Upexi had a negative return on equity of 54.97% and a negative net margin of 28.34%.

Upexi Company Profile

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.