Upexi, Inc. (NASDAQ:UPXI) Short Interest Down 43.9% in February

Upexi, Inc. (NASDAQ:UPXI) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 20,800 shares, a decrease of 43.9% from the February 13th total of 37,100 shares. Based on an average trading volume of 142,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.0% of the company’s stock are sold short.

Upexi Stock Performance

Upexi stock traded up $0.08 during mid-day trading on Friday, hitting $2.52. The company’s stock had a trading volume of 9,538 shares, compared to its average volume of 278,629. The firm’s 50 day moving average is $3.50 and its 200 day moving average is $4.12. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. Upexi has a 52-week low of $2.17 and a 52-week high of $15.91.

Upexi (NASDAQ:UPXI) last issued its earnings results on Friday, February 14th. The company reported ($1.24) earnings per share for the quarter. The business had revenue of $4.01 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can acquired a new stake in shares of Upexi, Inc. (NASDAQ:UPXI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.81% of Upexi as of its most recent filing with the Securities and Exchange Commission. 5.68% of the stock is currently 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.