Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Update

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the target of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 117,800 shares, a decline of 8.0% from the November 15th total of 128,000 shares. Based on an average daily volume of 84,000 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group restated an “outperform” rating and set a $3.00 price target on shares of Brilliant Earth Group in a research note on Friday, November 1st.

Brilliant Earth Group Stock Up 4.1 %

BRLT stock opened at $2.04 on Monday. The company has a market cap of $201.05 million, a price-to-earnings ratio of 68.00 and a beta of 1.68. The company has a fifty day moving average price of $1.79 and a 200 day moving average price of $2.05. 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 12 month low of $1.52 and a 12 month high of $3.81.

Institutional Investors Weigh In On Brilliant Earth Group

A number of institutional investors and hedge funds have recently made changes to their positions in BRLT. Privium Fund Management UK Ltd acquired a new position in Brilliant Earth Group in the 2nd quarter valued at about $28,000. Renaissance Technologies LLC grew its stake in shares of Brilliant Earth Group by 9.2% in the 2nd quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock valued at $262,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Orion Capital Management LLC increased its holdings in shares of Brilliant Earth Group by 166.0% in the third quarter. Orion Capital Management LLC now owns 13,300 shares of the company’s stock valued at $28,000 after purchasing an additional 8,300 shares during the period. 70.41% of the stock is owned by hedge funds and other institutional investors.

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.