Upexi, Inc. (NASDAQ:UPXI) Sees Significant Growth in Short Interest

Upexi, Inc. (NASDAQ:UPXI) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 116,800 shares, an increase of 33.0% from the March 31st total of 87,800 shares. Based on an average trading volume of 105,000 shares, the short-interest ratio is presently 1.1 days. Approximately 0.8% of the company’s stock are sold short.

Upexi Trading Down 0.0 %

Shares of NASDAQ UPXI traded down $0.00 during mid-day trading on Tuesday, reaching $0.50. The company had a trading volume of 38,014 shares, compared to its average volume of 92,143. The firm has a 50 day simple moving average of $0.55 and a two-hundred day simple moving average of $0.92. Upexi has a 52-week low of $0.38 and a 52-week high of $4.55. The company has a current ratio of 0.93, a quick ratio of 0.33 and a debt-to-equity ratio of 0.44.

Upexi (NASDAQ:UPXI) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.12) earnings per share (EPS) for the quarter. Upexi had a negative net margin of 22.63% and a negative return on equity of 40.72%. The company had revenue of $21.83 million during the quarter.

Insider Activity

In related news, CEO Allan Marshall acquired 103,013 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $0.70 per share, for a total transaction of $72,109.10. Following the purchase, the chief executive officer now owns 2,861,881 shares of the company’s stock, valued at approximately $2,003,316.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 41.58% of the company’s stock.

Hedge Funds Weigh In On Upexi

A hedge fund recently bought a new stake in Upexi stock. Team Hewins LLC acquired a new position in shares of Upexi, Inc. (NASDAQ:UPXI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 428,254 shares of the company’s stock, valued at approximately $497,000. Team Hewins LLC owned about 2.11% of Upexi as of its most recent filing with the SEC. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners reaffirmed a “neutral” rating and issued a $1.25 price target (down from $3.00) on shares of Upexi in a report on Thursday, February 15th.

Upexi Company Profile

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.