BEST Inc. (NYSE:BEST) Sees Significant Decrease in Short Interest

BEST Inc. (NYSE:BEST - Get Free Report) saw a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 31,100 shares, a drop of 31.5% from the November 15th total of 45,400 shares. Approximately 0.3% of the company's shares are short sold. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is currently 2.0 days.

BEST Trading Up 0.4 %

Shares of NYSE:BEST traded up $0.01 during trading on Friday, hitting $2.66. 12,057 shares of the company's stock were exchanged, compared to its average volume of 21,455. The firm has a market cap of $53.44 million, a P/E ratio of -0.51 and a beta of 0.79. The firm has a 50-day moving average price of $2.69 and a two-hundred day moving average price of $2.66. BEST has a 1-year low of $1.85 and a 1-year high of $2.77.

BEST Company Profile

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.