Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Down 10.8% in December

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 89,300 shares, a decrease of 10.8% from the December 15th total of 100,100 shares. Based on an average daily volume of 88,000 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.7% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group downgraded shares of Brilliant Earth Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $3.00 to $2.00 in a research note on Thursday, December 19th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Brilliant Earth Group stock. Orion Capital Management LLC increased its holdings in Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 166.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 13,300 shares of the company’s stock after buying an additional 8,300 shares during the quarter. Orion Capital Management LLC’s holdings in Brilliant Earth Group were worth $28,000 at the end of the most recent reporting period. Institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Stock Up 3.3 %

NASDAQ:BRLT traded up $0.06 on Friday, reaching $1.86. 105,160 shares of the stock traded hands, compared to its average volume of 66,426. The company’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $1.99. The company has a market capitalization of $183.30 million, a price-to-earnings ratio of 62.02 and a beta of 1.61. Brilliant Earth Group has a 12 month low of $1.52 and a 12 month high of $3.40. The company has a current ratio of 2.80, a quick ratio of 2.27 and a debt-to-equity ratio of 0.49.

Brilliant Earth Group Company Profile

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