Short Interest in Birks Group Inc. (NYSEAMERICAN:BGI) Decreases By 38.4%

Birks Group Inc. (NYSEAMERICAN:BGI) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 89,600 shares, a decrease of 38.4% from the March 15th total of 145,400 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average daily trading volume, of 1,400,000 shares, the short-interest ratio is currently 0.1 days.

A hedge fund recently bought a new stake in Birks Group stock. Virtu Financial LLC acquired a new position in Birks Group Inc. (NYSEAMERICAN:BGI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 113,531 shares of the company’s stock, valued at approximately $97,000. Virtu Financial LLC owned about 0.63% of Birks Group at the end of the most recent reporting period. 0.06% of the stock is currently owned by institutional investors and hedge funds.

Shares of Birks Group stock traded down $0.17 on Friday, hitting $1.95. 191,982 shares of the company’s stock traded hands, compared to its average volume of 1,375,500. The company has a debt-to-equity ratio of 36.74, a current ratio of 1.00 and a quick ratio of 0.10. Birks Group has a one year low of $0.40 and a one year high of $5.43. The firm’s fifty day moving average price is $0.86.

About Birks Group

Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, charms, and pearls.

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