Short Interest in BEST Inc. (NYSE:BEST) Decreases By 14.9%

BEST Inc. (NYSE:BEST) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totalling 38,800 shares, a decline of 14.9% from the September 30th total of 45,600 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 21,800 shares, the short-interest ratio is currently 1.8 days.

BEST Price Performance

BEST stock traded down $0.01 during midday trading on Thursday, reaching $2.70. 813 shares of the company traded hands, compared to its average volume of 22,370. BEST has a 12 month low of $1.85 and a 12 month high of $2.77. The business has a 50 day moving average of $2.73 and a two-hundred day moving average of $2.52. The firm has a market capitalization of $54.48 million, a price-to-earnings ratio of -0.51 and a beta of 0.82.

Institutional Inflows and Outflows

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

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.