Berkshire Grey, Inc. (NASDAQ:BGRY – Get Rating) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 6,030,000 shares, a growth of 13.3% from the August 15th total of 5,320,000 shares. Currently, 15.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,230,000 shares, the days-to-cover ratio is presently 4.9 days.
Institutional Trading of Berkshire Grey
Institutional investors have recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd acquired a new stake in shares of Berkshire Grey during the 2nd quarter valued at approximately $29,000. Raymond James Financial Services Advisors Inc. acquired a new position in Berkshire Grey during the first quarter worth $31,000. American International Group Inc. purchased a new stake in Berkshire Grey during the second quarter worth $33,000. Kalos Management Inc. purchased a new stake in Berkshire Grey during the first quarter worth $34,000. Finally, SG Americas Securities LLC acquired a new stake in Berkshire Grey in the second quarter valued at $58,000. Hedge funds and other institutional investors own 82.52% of the company's stock.
Get Berkshire Grey alerts:Berkshire Grey Trading Down 0.5 %
Shares of Berkshire Grey stock traded down $0.01 during trading on Monday, reaching $2.00. The company's stock had a trading volume of 31,936 shares, compared to its average volume of 964,641. The business has a 50 day moving average price of $2.07 and a 200-day moving average price of $2.32. Berkshire Grey has a 12-month low of $1.40 and a 12-month high of $7.93. The company has a quick ratio of 3.06, a current ratio of 3.18 and a debt-to-equity ratio of 0.03.
Berkshire Grey (NASDAQ:BGRY – Get Rating) last issued its earnings results on Thursday, August 11th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.02. Berkshire Grey had a negative net margin of 181.56% and a negative return on equity of 104.57%. Equities analysts predict that Berkshire Grey will post -0.46 EPS for the current fiscal year.Berkshire Grey Company Profile
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Berkshire Grey, Inc, an intelligent enterprise robotics company, provides AI-enabled robotic solutions that automate supply chain operations in the United States and Japan. The company's solutions automate filling ecommerce orders for consumers or businesses, filling orders to resupply retail stores and groceries, and handling packages shipped to fill those orders.
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