Birks Group Inc. (NYSEAMERICAN:BGI) Short Interest Down 39.7% in April

Birks Group Inc. (NYSEAMERICAN:BGIGet Rating) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totalling 41,000 shares, a decrease of 39.7% from the April 15th total of 68,000 shares. Based on an average trading volume of 74,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 1.2% of the shares of the stock are short sold.

Institutional investors have recently added to or reduced their stakes in the stock. WMS Partners LLC acquired a new position in Birks Group in the third quarter valued at $42,000. Centerpoint Advisors LLC increased its stake in Birks Group by 271.4% during the fourth quarter. Centerpoint Advisors LLC now owns 13,000 shares of the company’s stock worth $63,000 after acquiring an additional 9,500 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Birks Group by 16.7% during the fourth quarter. Renaissance Technologies LLC now owns 97,806 shares of the company’s stock worth $474,000 after acquiring an additional 14,010 shares during the last quarter. Hedge funds and other institutional investors own 6.41% of the company’s stock.

Shares of NYSEAMERICAN:BGI traded down $0.03 on Friday, hitting $5.05. The company had a trading volume of 27,353 shares, compared to its average volume of 86,409. Birks Group has a 52-week low of $1.99 and a 52-week high of $8.77.

About Birks Group (Get Rating)

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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