Short Interest in Brilliant Earth Group, Inc. (NASDAQ:BRLT) Declines By 29.0%

Brilliant Earth Group, Inc. (NASDAQ:BRLT) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 139,100 shares, a drop of 29.0% from the September 15th total of 195,800 shares. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 0.1 days. Approximately 1.1% of the shares of the company are sold short. Approximately 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 1,120,000 shares, the short-interest ratio is presently 0.1 days.

Brilliant Earth Group Stock Up 2.8%

Shares of BRLT opened at $2.57 on Friday. The business has a 50-day simple moving average of $2.44 and a two-hundred day simple moving average of $1.82. Brilliant Earth Group has a 52 week low of $1.25 and a 52 week high of $3.10. The stock has a market cap of $256.37 million, a price-to-earnings ratio of -85.67 and a beta of 1.37.

Brilliant Earth Group (NASDAQ:BRLT) last posted its quarterly earnings data on Wednesday, June 12th. The company reported $0.03 earnings per share for the quarter. The firm had revenue of $97.70 million for the quarter. Brilliant Earth Group had a negative return on equity of 1.57% and a net margin of 0.44%. On average, equities analysts anticipate that Brilliant Earth Group will post -0.02 earnings per share for the current fiscal year.

Brilliant Earth Group Dividend Announcement

The company also recently declared a dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were given a $0.25 dividend. The ex-dividend date was Friday, August 22nd. Brilliant Earth Group’s dividend payout ratio is presently -833.33%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BRLT. Zacks Research raised shares of Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $2.00 price objective on shares of Brilliant Earth Group in a report on Thursday, August 7th. Wall Street Zen raised Brilliant Earth Group to a “strong-buy” rating in a report on Saturday, September 20th. Cowen reaffirmed a “hold” rating on shares of Brilliant Earth Group in a research report on Friday, August 8th. Finally, B. Riley started coverage on shares of Brilliant Earth Group in a report on Tuesday, October 7th. They issued a “buy” rating and a $3.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Brilliant Earth Group currently has an average rating of “Hold” and an average price target of $2.20.

Institutional Trading of Brilliant Earth Group

A hedge fund recently raised its stake in Brilliant Earth Group stock. Klingman & Associates LLC increased its position in shares of Brilliant Earth Group, Inc. (NASDAQ:BRLT) by 61.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,273 shares of the company’s stock after purchasing an additional 56,451 shares during the period. Klingman & Associates LLC owned 0.15% of Brilliant Earth Group worth $204,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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. 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.