Bright Green Co. (NASDAQ:BGXX) Sees Significant Drop in Short Interest

Bright Green Co. (NASDAQ:BGXX) saw a large decrease in short interest in September. As of September 15th, there was short interest totalling 670,000 shares, a decrease of 10.1% from the August 31st total of 745,600 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily volume of 925,700 shares, the short-interest ratio is presently 0.7 days.

Bright Green Trading Down 28.6 %

Shares of Bright Green stock traded down $0.02 on Friday, reaching $0.04. 3,304,803 shares of the company were exchanged, compared to its average volume of 1,501,962. Bright Green has a one year low of $0.03 and a one year high of $0.54. The company has a market capitalization of $7.32 million, a price-to-earnings ratio of -0.55 and a beta of 0.67. The company has a 50-day moving average of $0.20 and a 200 day moving average of $0.23.

Bright Green (NASDAQ:BGXX) last posted its quarterly earnings results on Monday, August 19th. The company reported ($0.01) earnings per share for the quarter.

Insider Transactions at Bright Green

In other news, CFO Saleem Elmasri sold 398,773 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $0.20, for a total transaction of $79,754.60. Following the sale, the chief financial officer now owns 1,201,227 shares in the company, valued at approximately $240,245.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 51.38% of the company’s stock.

Institutional Investors Weigh In On Bright Green

An institutional investor recently raised its position in Bright Green stock. AQR Capital Management LLC boosted its holdings in Bright Green Co. (NASDAQ:BGXX) by 797.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235,575 shares of the company’s stock after acquiring an additional 209,337 shares during the period. AQR Capital Management LLC owned 0.12% of Bright Green worth $60,000 as of its most recent filing with the Securities and Exchange Commission. 7.83% of the stock is owned by institutional investors.

Bright Green Company Profile

Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated exports. The company was incorporated in 2019 and is based in Grants, New Mexico.