Short Interest in BurgerFi International, Inc. (NASDAQ:BFI) Decreases By 16.8%

BurgerFi International, Inc. (NASDAQ:BFI) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 140,000 shares, a decrease of 16.8% from the June 30th total of 168,300 shares. Based on an average daily trading volume, of 274,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.9% of the shares of the company are short sold.

BurgerFi International Trading Up 97.3 %

Shares of BFI traded up $0.21 during mid-day trading on Friday, reaching $0.42. The company had a trading volume of 313,590,865 shares, compared to its average volume of 1,266,788. BurgerFi International has a 52-week low of $0.13 and a 52-week high of $1.95. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $0.25 and a two-hundred day moving average of $0.46.

BurgerFi International (NASDAQ:BFI) last issued its earnings results on Wednesday, May 15th. The company reported ($0.24) EPS for the quarter. BurgerFi International had a negative return on equity of 34.77% and a negative net margin of 16.80%. The company had revenue of $42.88 million during the quarter.

Hedge Funds Weigh In On BurgerFi International

An institutional investor recently raised its position in BurgerFi International stock. M&T Bank Corp raised its holdings in BurgerFi International, Inc. (NASDAQ:BFI) by 536.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 201,700 shares of the company’s stock after purchasing an additional 170,000 shares during the period. M&T Bank Corp owned about 0.75% of BurgerFi International worth $173,000 at the end of the most recent quarter. 15.14% of the stock is owned by hedge funds and other institutional investors.

BurgerFi International Company Profile

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.