Birks Group Inc. (NYSEAMERICAN:BGI – Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 20,000 shares, an increase of 58.7% from the July 15th total of 12,600 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is presently 2.0 days.
Birks Group Price Performance
Shares of Birks Group stock traded up $0.01 on Wednesday, reaching $2.51. The company’s stock had a trading volume of 12,827 shares, compared to its average volume of 11,090. Birks Group has a 52 week low of $2.07 and a 52 week high of $5.24.
Wall Street Analysts Forecast Growth
Separately, StockNews.com initiated coverage on shares of Birks Group in a research report on Monday. They set a “sell” rating for the company.
About Birks Group
Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.
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