Short Interest in BEST Inc. (NYSE:BEST) Declines By 66.4%

BEST Inc. (NYSE:BEST - Get Free Report) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,700 shares, a drop of 66.4% from the January 15th total of 25,900 shares. Based on an average daily volume of 19,300 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

BEST Stock Performance

Shares of BEST stock traded up $0.00 during trading on Friday, reaching $2.78. The company's stock had a trading volume of 72,346 shares, compared to its average volume of 19,549. The business's fifty day moving average price is $2.69 and its 200-day moving average price is $2.70. BEST has a one year low of $1.85 and a one year high of $2.79. The firm has a market cap of $55.93 million, a price-to-earnings ratio of -0.53 and a beta of 0.78.

Institutional Investors Weigh In On BEST

An institutional investor recently bought a new position in BEST stock. Virtu Financial LLC purchased a new stake in BEST Inc. (NYSE:BEST - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,703 shares of the company's stock, valued at approximately $81,000. Virtu Financial LLC owned 0.15% of BEST at the end of the most recent reporting period. Institutional investors own 5.09% of the company's stock.

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.