Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Update

Brilliant Earth Group, Inc. (NASDAQ:BRLT) saw a significant increase in short interest during 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. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 39,600 shares, the days-to-cover ratio is presently 3.3 days.

Wall Street Analyst Weigh In

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

Brilliant Earth Group Price Performance

BRLT stock traded up $0.03 during mid-day trading on Friday, reaching $2.03. 70,326 shares of the company’s stock were exchanged, compared to its average volume of 44,533. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.88 and a quick ratio of 2.33. Brilliant Earth Group has a 12-month low of $1.66 and a 12-month high of $3.81. The stock’s 50 day moving average is $2.14 and its 200 day moving average is $2.39. The company has a market cap of $198.66 million, a price-to-earnings ratio of 33.83 and a beta of 1.53.

Brilliant Earth Group (NASDAQ:BRLT) last announced its earnings results on Thursday, August 8th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $106.52 million. On average, research analysts expect that Brilliant Earth Group will post -0.04 EPS for the current year.

Institutional Trading of Brilliant Earth Group

Several institutional investors have recently modified their holdings of the stock. Privium Fund Management UK Ltd acquired a new position in shares of Brilliant Earth Group during the 2nd quarter worth about $28,000. Virtu Financial LLC purchased a new position in shares of Brilliant Earth Group in the first quarter valued at approximately $56,000. Avestar Capital LLC boosted its stake in shares of Brilliant Earth Group by 25.0% in the fourth quarter. Avestar Capital LLC now owns 25,000 shares of the company’s stock worth $93,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Brilliant Earth Group by 9.2% during the second quarter. Renaissance Technologies LLC now owns 118,200 shares of the company’s stock worth $262,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 70.41% of the company’s stock.

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.