BEST Inc. (NYSE:BEST) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 8,805,000 shares, a decline of 9.5% from the June 30th total of 9,726,200 shares. Based on an average daily volume of 830,900 shares, the short-interest ratio is presently 10.6 days. Approximately 3.9% of the shares of the stock are short sold.
A number of research analysts recently commented on the company. KeyCorp lowered their price target on BEST from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Wednesday, May 15th. Zacks Investment Research cut BEST from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd. Finally, Sanford C. Bernstein cut BEST from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $11.00 to $6.00 in a report on Tuesday, April 23rd.
NYSE:BEST traded down $0.24 during midday trading on Wednesday, hitting $4.26. 16,712 shares of the company traded hands, compared to its average volume of 953,385. The firm has a fifty day moving average price of $5.09. BEST has a 12-month low of $3.77 and a 12-month high of $8.80. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -20.29, a P/E/G ratio of 3.78 and a beta of 1.20.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform 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.
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