BEST Inc. (NYSE:BEST) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 8,805,000 shares, a decrease of 9.5% from the June 30th total of 9,726,200 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 830,900 shares, the days-to-cover ratio is presently 10.6 days.
NYSE BEST traded down $0.04 during trading hours on Thursday, hitting $4.16. The company’s stock had a trading volume of 22,225 shares, compared to its average volume of 525,504. The stock has a fifty day moving average of $5.07. BEST has a twelve month low of $3.77 and a twelve month high of $8.58. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of -19.79, a P/E/G ratio of 3.78 and a beta of 1.20.
BEST (NYSE:BEST) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. BEST had a negative net margin of 1.35% and a negative return on equity of 10.65%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period in the prior year, the business posted ($0.15) earnings per share. BEST’s revenue was up 30.5% compared to the same quarter last year. Equities analysts expect that BEST will post 0.03 EPS for the current fiscal year.
BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.
Recommended Story: Are we seeing the beginning of a new bubble?
Receive News & Ratings for BEST Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BEST and related companies with MarketBeat.com's FREE daily email newsletter.