BurgerFi International, Inc. (NASDAQ:BFI) Sees Significant Decline in Short Interest

BurgerFi International, Inc. (NASDAQ:BFI) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 96,100 shares, a decrease of 53.2% from the March 31st total of 205,400 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 104,300 shares, the days-to-cover ratio is presently 0.9 days.

BurgerFi International Price Performance

BFI stock remained flat at $0.38 during trading on Friday. 116,522 shares of the company traded hands, compared to its average volume of 146,119. BurgerFi International has a 52 week low of $0.36 and a 52 week high of $2.06. The firm has a 50-day moving average of $0.56 and a 200 day moving average of $0.78. The stock has a market cap of $10.36 million, a price-to-earnings ratio of -0.31 and a beta of 0.50. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.15 and a quick ratio of 0.14.

BurgerFi International (NASDAQ:BFI) last posted its quarterly earnings data on Monday, April 1st. The company reported ($0.20) EPS for the quarter. The firm had revenue of $41.47 million for the quarter. BurgerFi International had a negative return on equity of 34.41% and a negative net margin of 18.05%.

Institutional Trading of BurgerFi International

A hedge fund recently bought a new stake in BurgerFi International stock. Raymond James & Associates purchased a new position in BurgerFi International, Inc. (NASDAQ:BFI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 71,881 shares of the company’s stock, valued at approximately $83,000. Raymond James & Associates owned approximately 0.27% of BurgerFi International as of its most recent SEC filing. Hedge funds and other institutional investors own 15.14% of the company’s stock.

BurgerFi International Company Profile

BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants under BurgerFi and Anthony's brand name in the United States. It operates through BurgerFi and Anthony's segments. The company's restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine; and pizza, coal fired chicken wings, homemade meatballs, and handcrafted sandwiches and salads.