Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 117,800 shares, a decrease of 8.0% from the November 15th total of 128,000 shares. Based on an average daily trading volume, of 84,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the company's stock are short sold.
Institutional Trading of Brilliant Earth Group
A number of large investors have recently made changes to their positions in the stock. Orion Capital Management LLC boosted its stake in shares of Brilliant Earth Group by 166.0% in the 3rd quarter. Orion Capital Management LLC now owns 13,300 shares of the company's stock worth $28,000 after buying an additional 8,300 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Brilliant Earth Group by 9.2% in the second quarter. Renaissance Technologies LLC now owns 118,200 shares of the company's stock valued at $262,000 after acquiring an additional 10,000 shares during the period. Finally, Privium Fund Management UK Ltd purchased a new position in Brilliant Earth Group in the second quarter worth about $28,000. 70.41% of the stock is currently owned by institutional investors.
Brilliant Earth Group Stock Performance
NASDAQ:BRLT traded down $0.05 during mid-day trading on Monday, reaching $1.99. The company's stock had a trading volume of 53,076 shares, compared to its average volume of 54,564. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49. The stock has a market cap of $196.12 million, a P/E ratio of 68.00 and a beta of 1.68. The firm's fifty day moving average price is $1.79 and its two-hundred day moving average price is $2.05. Brilliant Earth Group has a 12-month low of $1.52 and a 12-month high of $3.81.
Analysts Set New Price Targets
Separately, Telsey Advisory Group reiterated an "outperform" rating and set a $3.00 target price on shares of Brilliant Earth Group in a research note on Friday, November 1st.
Check Out Our Latest Stock Analysis on Brilliant Earth Group
About Brilliant Earth Group
(
Get Free Report)
Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company's product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.
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