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

BurgerFi International, Inc. (NASDAQ:BFI) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 1,140,000 shares, a decline of 69.0% from the July 31st total of 3,680,000 shares. Based on an average daily volume of 7,430,000 shares, the short-interest ratio is currently 0.2 days. Approximately 8.5% of the company’s stock are short sold.

BurgerFi International Stock Down 12.6 %

Shares of BFI traded down $0.03 during midday trading on Tuesday, hitting $0.18. The company had a trading volume of 1,673,402 shares, compared to its average volume of 2,997,545. The company’s 50 day moving average price is $0.28 and its 200 day moving average price is $0.41. The stock has a market cap of $5.00 million, a price-to-earnings ratio of -0.20 and a beta of 0.51. BurgerFi International has a 52 week low of $0.13 and a 52 week high of $1.61. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On BurgerFi International

A hedge fund recently raised its stake in BurgerFi International stock. M&T Bank Corp increased its holdings in BurgerFi International, Inc. (NASDAQ:BFI) by 536.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 201,700 shares of the company’s stock after buying an additional 170,000 shares during the period. M&T Bank Corp owned about 0.75% of BurgerFi International worth $173,000 as of its most recent filing with the SEC. Hedge funds and other 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.