BEST Inc. (NYSE:BEST) Short Interest Update

BEST Inc. (NYSE:BEST) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 30,200 shares, a drop of 7.4% from the August 15th total of 32,600 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On BEST

A hedge fund recently bought a new stake in BEST stock. Deuterium Capital Management LLC acquired a new stake in shares of BEST Inc. (NYSE:BEST) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,409 shares of the company’s stock, valued at approximately $71,000. Deuterium Capital Management LLC owned 0.16% of BEST as of its most recent SEC filing. 5.09% of the stock is currently owned by hedge funds and other institutional investors.

BEST Price Performance

BEST stock traded up $0.01 during midday trading on Wednesday, hitting $2.75. The stock had a trading volume of 11,841 shares, compared to its average volume of 23,293. The company’s 50-day moving average price is $2.74 and its 200 day moving average price is $2.40. The firm has a market cap of $55.48 million, a PE ratio of -0.52 and a beta of 0.82. BEST has a 12-month low of $1.85 and a 12-month high of $2.77.

About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.