Boqii Holding Limited (NYSE:BQ – Get Rating) was the target of a large increase in short interest in August. As of August 31st, there was short interest totalling 189,300 shares, an increase of 105.5% from the August 15th total of 92,100 shares. Based on an average daily volume of 267,900 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.8% of the company’s stock are short sold.
Hedge Funds Weigh In On Boqii
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Boqii in the first quarter worth $1,460,000. Sanders Morris Harris LLC lifted its holdings in shares of Boqii by 57.1% in the first quarter. Sanders Morris Harris LLC now owns 538,737 shares of the company’s stock worth $237,000 after buying an additional 195,737 shares in the last quarter. Finally, Virtu Financial LLC increased its position in Boqii by 129.8% in the first quarter. Virtu Financial LLC now owns 65,650 shares of the company’s stock worth $29,000 after purchasing an additional 37,086 shares during the last quarter. Hedge funds and other institutional investors own 5.67% of the company’s stock.
Boqii Stock Performance
Shares of BQ stock opened at $1.40 on Friday. The company has a 50 day moving average price of $1.87 and a 200-day moving average price of $2.45. Boqii has a 52 week low of $1.29 and a 52 week high of $16.14. The firm has a market capitalization of $21.39 million, a PE ratio of -1.25 and a beta of 0.77. The company has a quick ratio of 1.48, a current ratio of 1.83 and a debt-to-equity ratio of 0.75.
Boqii Holding Limited operates a pet-focused platform in the People's Republic of China. The company offers food, treats, shampoos, toys, cages, apparel, OTC veterinary drugs, and other pet products to pet parents, and small and medium pet businesses through e-commerce platforms and offline distribution network.
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