Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Up 18.6% in September

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 132,500 shares, an increase of 18.6% from the August 31st total of 111,700 shares. Based on an average trading volume of 39,600 shares, the days-to-cover ratio is currently 3.3 days. Approximately 1.1% of the company’s shares are sold short.

Brilliant Earth Group Trading Up 5.4 %

Shares of BRLT stock traded up $0.11 during trading hours on Monday, hitting $2.14. 31,407 shares of the company were exchanged, compared to its average volume of 44,463. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.33 and a current ratio of 2.88. The firm has a market cap of $209.42 million, a P/E ratio of 35.67 and a beta of 1.53. The company has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $2.39. Brilliant Earth Group has a fifty-two week low of $1.66 and a fifty-two week high of $3.81.

Brilliant Earth Group (NASDAQ:BRLT) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.04. Brilliant Earth Group had a return on equity of 6.48% and a net margin of 0.57%. The firm had revenue of $105.43 million during the quarter, compared to the consensus estimate of $106.52 million. Equities analysts anticipate that Brilliant Earth Group will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Renaissance Technologies LLC raised its position in 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 buying an additional 10,000 shares during the last quarter. Avestar Capital LLC lifted its position in shares of Brilliant Earth Group by 25.0% during the fourth quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock valued at $93,000 after purchasing an additional 5,000 shares in the last quarter. Virtu Financial LLC purchased a new position in Brilliant Earth Group during the first quarter worth about $56,000. Finally, Privium Fund Management UK Ltd bought a new stake in Brilliant Earth Group in the 2nd quarter worth about $28,000. 70.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on BRLT shares. William Blair downgraded Brilliant Earth Group from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Telsey Advisory Group restated an “outperform” rating and set a $3.00 price objective on shares of Brilliant Earth Group in a research report on Thursday, August 29th.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. Its product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. The company sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.