BrilliA Inc (NYSEAMERICAN:BRIA) Short Interest Update

BrilliA Inc (NYSEAMERICAN:BRIA) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 89,300 shares, an increase of 342.1% from the August 31st total of 20,200 shares. Based on an average daily trading volume, of 558,600 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 558,600 shares, the days-to-cover ratio is currently 0.2 days.

BrilliA Stock Down 0.5%

Shares of BRIA stock opened at $2.05 on Thursday. The business has a 50-day moving average price of $2.38 and a two-hundred day moving average price of $2.37. BrilliA has a 12-month low of $1.78 and a 12-month high of $4.95.

BrilliA Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.133 per share. This represents a yield of 554.0%. The ex-dividend date was Monday, September 15th.

Analyst Ratings Changes

BRIA has been the topic of several recent analyst reports. Industrial Alliance Securities set a $5.00 price target on BrilliA in a report on Friday, August 29th. Citigroup assumed coverage on shares of BrilliA in a research report on Friday, August 29th. They issued a “buy” rating on the stock. Finally, Alliance Global Partners assumed coverage on shares of BrilliA in a research note on Friday, August 29th. They issued a “buy” rating and a $5.00 target price on the stock. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $5.00.

About BrilliA

BrilliA Inc is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M. BrilliA Inc is based in SINGAPORE.