Short Interest in Birks Group Inc. (NYSEAMERICAN:BGI) Rises By 21.3%
Birks Group Inc. (NYSEAMERICAN:BGI) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 108,700 shares, a growth of 21.3% from the March 31st total of 89,600 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 0.1 days.
NYSEAMERICAN BGI traded down $0.25 during mid-day trading on Tuesday, hitting $1.86. The stock had a trading volume of 13,661 shares, compared to its average volume of 1,322,565. Birks Group has a 52-week low of $0.41 and a 52-week high of $5.43. The stock has a 50 day moving average price of $0.86. The company has a debt-to-equity ratio of 36.74, a current ratio of 1.00 and a quick ratio of 0.10.
An institutional investor recently bought a new position in Birks Group stock. Virtu Financial LLC purchased a new position in shares of Birks Group Inc. (NYSEAMERICAN:BGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 113,531 shares of the company’s stock, valued at approximately $97,000. Virtu Financial LLC owned approximately 0.63% of Birks Group as of its most recent filing with the Securities and Exchange Commission (SEC). 0.06% of the stock is owned by hedge funds and other institutional investors.
Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, charms, and pearls.
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