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

BurgerFi International, Inc. (NASDAQ:BFI) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 96,100 shares, a decrease of 53.2% from the March 31st total of 205,400 shares. Based on an average daily volume of 104,300 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.8% of the shares of the company are short sold.

BurgerFi International Stock Performance

Shares of BFI stock remained flat at $0.38 during mid-day trading on Friday. 116,522 shares of the stock were exchanged, compared to its average volume of 146,119. The firm’s fifty day moving average is $0.56 and its 200-day moving average is $0.79. The company has a market capitalization of $10.36 million, a P/E ratio of -0.31 and a beta of 0.50. BurgerFi International has a 52 week low of $0.36 and a 52 week high of $2.06. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.14 and a current ratio of 0.15.

BurgerFi International (NASDAQ:BFI) last posted its quarterly earnings results on Monday, April 1st. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $41.47 million during the quarter. BurgerFi International had a negative return on equity of 34.41% and a negative net margin of 18.05%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BurgerFi International stock. Raymond James & Associates acquired a new position in shares of BurgerFi International, Inc. (NASDAQ:BFI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 71,881 shares of the company’s stock, valued at approximately $83,000. Raymond James & Associates owned approximately 0.27% of BurgerFi International at the end of the most recent quarter. Institutional investors own 15.14% of the company’s stock.

About BurgerFi International

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.