Bridge Investment Group Holdings Inc (NYSE:BRDG) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 281,100 shares, an increase of 458.8% from the September 15th total of 50,300 shares. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 452,300 shares, the short-interest ratio is currently 0.6 days.
BRDG traded down $0.05 during trading on Thursday, hitting $16.92. 909 shares of the company traded hands, compared to its average volume of 191,025. The stock has a 50-day moving average price of $17.63. Bridge Investment Group has a 1 year low of $14.05 and a 1 year high of $19.56. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.20 and a current ratio of 1.20.
Bridge Investment Group (NYSE:BRDG) last posted its earnings results on Tuesday, August 10th. The company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.08. The company had revenue of $71.97 million for the quarter. On average, equities research analysts forecast that Bridge Investment Group will post 0.72 earnings per share for the current year.
Bridge Investment Group Company Profile
Bridge Investment Group Holdings Inc is a vertically integrated real estate investment manager, diversified across specialized asset classes. The company combines operating platform with investment professionals focused on real estate verticals: multifamily, affordable housing, seniors housing, office, development, logistics net lease, logistics properties, debt strategies and agency mortgage backed securities.
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