Upexi, Inc. (NASDAQ:UPXI) Sees Significant Drop in Short Interest

Upexi, Inc. (NASDAQ:UPXI) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totalling 13,400 shares, a decline of 79.9% from the May 31st total of 66,700 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 40,300 shares, the days-to-cover ratio is currently 0.3 days.

Upexi Price Performance

NASDAQ UPXI traded down $0.00 during trading hours on Friday, hitting $0.41. The company’s stock had a trading volume of 854 shares, compared to its average volume of 77,405. The stock has a fifty day moving average of $0.47 and a 200 day moving average of $0.73. Upexi has a twelve month low of $0.37 and a twelve month high of $2.44. The company has a current ratio of 0.93, a quick ratio of 0.33 and a debt-to-equity ratio of 0.44.

Institutional Investors Weigh In On Upexi

An institutional investor recently bought a new position in Upexi stock. Victory Capital Management Inc. bought a new position in shares of Upexi, Inc. (NASDAQ:UPXI) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 34,553 shares of the company’s stock, valued at approximately $40,000. Victory Capital Management Inc. owned 0.17% of Upexi at the end of the most recent quarter. 5.68% of the stock is owned by institutional investors and hedge funds.

About Upexi

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.