BurgerFi International, Inc. (NASDAQ:BFIIW) Sees Large Decline in Short Interest

BurgerFi International, Inc. (NASDAQ:BFIIWGet Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decline of 76.7% from the February 29th total of 4,300 shares. Based on an average daily volume of 12,800 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On BurgerFi International

An institutional investor recently raised its position in BurgerFi International stock. Walleye Capital LLC increased its position in shares of BurgerFi International, Inc. (NASDAQ:BFIIWFree Report) by 29.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,899,267 shares of the company’s stock after purchasing an additional 655,943 shares during the quarter. Walleye Capital LLC’s holdings in BurgerFi International were worth $370,000 as of its most recent filing with the SEC.

BurgerFi International Price Performance

Shares of BFIIW stock opened at $0.04 on Thursday. The stock has a fifty day moving average price of $0.04 and a 200 day moving average price of $0.06. BurgerFi International has a 1 year low of $0.02 and a 1 year high of $0.21.

BurgerFi International Company Profile

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BurgerFi International, Inc, together with its subsidiaries, owns and franchises fast-casual and premium-casual dining restaurants. Its restaurants offer burgers, hot dogs, crispy chicken, frozen custard, hand-cut fries, shakes, beer, wine, pizza, coal fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads.

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