Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Down 10.8% in December

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 89,300 shares, a drop of 10.8% from the December 15th total of 100,100 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 88,000 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Telsey Advisory Group cut Brilliant Earth Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $3.00 to $2.00 in a research report on Thursday, December 19th.

Brilliant Earth Group Stock Performance

Shares of BRLT stock traded up $0.06 during trading on Friday, reaching $1.86. 105,160 shares of the company’s stock traded hands, compared to its average volume of 66,426. The firm’s 50-day moving average is $1.90 and its 200 day moving average is $1.99. The company has a market capitalization of $183.30 million, a P/E ratio of 62.02 and a beta of 1.61. Brilliant Earth Group has a 1 year low of $1.52 and a 1 year high of $3.40. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49.

Institutional Investors Weigh In On Brilliant Earth Group

A hedge fund recently raised its stake in Brilliant Earth Group stock. Orion Capital Management LLC increased its stake in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 166.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 13,300 shares of the company’s stock after purchasing an additional 8,300 shares during the period. Orion Capital Management LLC’s holdings in Brilliant Earth Group were worth $28,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company’s product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.