Brilliant Earth Group, Inc. (NASDAQ:BRLT – Get Free Report) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 89,300 shares, a drop of 10.8% from the December 15th total of 100,100 shares. Based on an average daily trading volume, of 88,000 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.7% of the shares of the company are short sold.
Hedge Funds Weigh In On Brilliant Earth Group
An institutional investor recently raised its position in Brilliant Earth Group stock. Renaissance Technologies LLC lifted its holdings in Brilliant Earth Group, Inc. (NASDAQ:BRLT – Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,200 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Renaissance Technologies LLC owned about 0.12% of Brilliant Earth Group worth $262,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 70.41% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Telsey Advisory Group downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $3.00 to $2.00 in a research report on Thursday, December 19th.
Brilliant Earth Group Stock Performance
BRLT stock traded up $0.06 during trading on Friday, hitting $1.86. 105,160 shares of the company traded hands, compared to its average volume of 66,426. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.80 and a quick ratio of 2.27. Brilliant Earth Group has a 1 year low of $1.52 and a 1 year high of $3.40. The stock’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $1.99. The company has a market cap of $183.30 million, a PE ratio of 62.02 and a beta of 1.61.
Brilliant Earth Group Company Profile
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.
Read More
- Five stocks we like better than Brilliant Earth Group
- CD Calculator: Certificate of Deposit Calculator
- Top ETFs That Beat the Market in 2024 and Could Do It Again
- The Significance of Brokerage Rankings in Stock Selection
- J.B. Hunt Leads Truckers Lower: Buy Them While They’re Down?
- What Are Some of the Best Large-Cap Stocks to Buy?
- MarketBeat Week in Review – 01/13 – 01/17
Receive News & Ratings for Brilliant Earth Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brilliant Earth Group and related companies with MarketBeat.com's FREE daily email newsletter.