BrilliA Inc (NYSEAMERICAN:BRIA) Sees Significant Drop in Short Interest

BrilliA Inc (NYSEAMERICAN:BRIAGet Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 23,900 shares, a drop of 40.3% from the September 30th total of 40,000 shares. Based on an average daily trading volume, of 568,700 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 568,700 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Industrial Alliance Securities set a $5.00 price objective on shares of BrilliA in a research note on Friday, August 29th. Alliance Global Partners began coverage on BrilliA in a research report on Friday, August 29th. They issued a “buy” rating and a $5.00 target price for the company. Finally, Citigroup began coverage on BrilliA in a report on Friday, August 29th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.00.

Read Our Latest Analysis on BRIA

BrilliA Stock Performance

Shares of BRIA traded down $0.04 during trading hours on Monday, hitting $1.83. 9,734 shares of the company were exchanged, compared to its average volume of 193,966. BrilliA has a fifty-two week low of $1.78 and a fifty-two week high of $4.95. The firm’s fifty day moving average is $2.22 and its 200 day moving average is $2.34.

BrilliA Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a dividend of $0.133 per share. The ex-dividend date was Monday, September 15th. This represents a yield of 554.0%.

About BrilliA

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BrilliA Inc is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M. BrilliA Inc is based in SINGAPORE.

Further Reading

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