BEST Inc. (NYSE:BEST) Sees Significant Decline in Short Interest

BEST Inc. (NYSE:BEST) was the target of a large drop in short interest in January. As of January 31st, there was short interest totalling 8,700 shares, a drop of 66.4% from the January 15th total of 25,900 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 19,300 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On BEST

An institutional investor recently bought a new position in BEST stock. Virtu Financial LLC bought a new position in BEST Inc. (NYSE:BEST) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,703 shares of the company’s stock, valued at approximately $81,000. Virtu Financial LLC owned about 0.15% of BEST as of its most recent SEC filing. Institutional investors own 5.09% of the company’s stock.

BEST Trading Up 0.2 %

Shares of NYSE:BEST traded up $0.01 during midday trading on Wednesday, reaching $2.76. The company had a trading volume of 32,631 shares, compared to its average volume of 21,982. The stock has a market cap of $55.35 million, a P/E ratio of -0.52 and a beta of 0.78. BEST has a 52-week low of $1.85 and a 52-week high of $2.77. The company’s 50 day moving average price is $2.68 and its 200 day moving average price is $2.70.

About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.