BRC Inc. (NYSE:BRCC) Short Interest Up 20.6% in January

BRC Inc. (NYSE:BRCC) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 6,995,344 shares, an increase of 20.6% from the January 15th total of 5,800,649 shares. Approximately 10.7% of the shares of the company are short sold. Based on an average trading volume of 1,163,841 shares, the days-to-cover ratio is presently 6.0 days. Based on an average trading volume of 1,163,841 shares, the days-to-cover ratio is presently 6.0 days. Approximately 10.7% of the shares of the company are short sold.

Analyst Ratings Changes

BRCC has been the topic of a number of research analyst reports. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $2.50 target price on shares of BRC in a report on Wednesday, January 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of BRC in a research report on Wednesday, January 21st. Finally, DA Davidson set a $2.50 price objective on BRC in a research note on Wednesday, January 14th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.33.

Institutional Investors Weigh In On BRC

Several large investors have recently modified their holdings of BRCC. Kestra Private Wealth Services LLC purchased a new position in BRC in the fourth quarter valued at approximately $26,000. Engineers Gate Manager LP bought a new stake in shares of BRC in the second quarter valued at $27,000. R Squared Ltd purchased a new position in shares of BRC during the 2nd quarter valued at $28,000. CWM LLC grew its stake in shares of BRC by 63.3% during the 3rd quarter. CWM LLC now owns 18,616 shares of the company’s stock worth $29,000 after acquiring an additional 7,215 shares during the period. Finally, Virtu Financial LLC increased its holdings in BRC by 82.2% in the 3rd quarter. Virtu Financial LLC now owns 21,037 shares of the company’s stock worth $33,000 after acquiring an additional 9,492 shares during the last quarter. Hedge funds and other institutional investors own 16.29% of the company’s stock.

BRC Stock Performance

Shares of NYSE:BRCC traded down $0.03 during midday trading on Tuesday, reaching $0.70. The company had a trading volume of 851,704 shares, compared to its average volume of 1,104,232. The stock has a market cap of $172.73 million, a P/E ratio of -4.96 and a beta of 0.91. The company’s 50 day moving average price is $1.01 and its 200 day moving average price is $1.28. The company has a current ratio of 1.34, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. BRC has a 52-week low of $0.68 and a 52-week high of $2.78.

BRC Company Profile

Black Rifle Coffee Company, Inc is a veteran-owned specialty coffee roaster and retailer that offers a range of coffee products, merchandise and subscription services. The company sources, roasts and distributes its own blends and single-origin coffees, as well as ready-to-drink beverages and branded apparel. Its product lineup includes whole-bean and ground coffees, cold brew concentrates, K-cup pods and limited-edition small-batch offerings designed to appeal to active lifestyle and patriotic consumers.

Founded in 2014 by U.S.