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

BurgerFi International, Inc. (NASDAQ:BFI) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 140,000 shares, a decline of 16.8% from the June 30th total of 168,300 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily volume of 274,400 shares, the short-interest ratio is presently 0.5 days.

BurgerFi International Trading Up 19.0 %

BurgerFi International stock traded up $0.09 during mid-day trading on Tuesday, reaching $0.56. 25,184,996 shares of the company were exchanged, compared to its average volume of 2,897,657. The company has a fifty day simple moving average of $0.26 and a 200-day simple moving average of $0.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.12 and a quick ratio of 0.10. BurgerFi International has a 12 month low of $0.13 and a 12 month high of $1.95.

BurgerFi International (NASDAQ:BFI) last posted its quarterly earnings results on Wednesday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. BurgerFi International had a negative return on equity of 34.77% and a negative net margin of 16.80%. The firm had revenue of $42.88 million for the quarter.

Hedge Funds Weigh In On BurgerFi International

A hedge fund recently raised its stake in BurgerFi International stock. M&T Bank Corp raised its holdings in BurgerFi International, Inc. (NASDAQ:BFI) by 536.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 201,700 shares of the company’s stock after acquiring an additional 170,000 shares during the period. M&T Bank Corp owned about 0.75% of BurgerFi International worth $173,000 at the end of the most recent quarter. 15.14% of the stock is currently owned by institutional investors and hedge funds.

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.