Bright Green Co. (NASDAQ:BGXX – Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,240,000 shares, a decrease of 9.2% from the March 15th total of 3,570,000 shares. Based on an average daily trading volume, of 1,990,000 shares, the days-to-cover ratio is currently 1.6 days. Currently, 4.7% of the shares of the stock are short sold.
Institutional Investors Weigh In On Bright Green
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its stake in shares of Bright Green by 5,420.8% during the 2nd quarter. Wells Fargo & Company MN now owns 25,230 shares of the company’s stock worth $25,000 after purchasing an additional 24,773 shares during the period. Barclays PLC lifted its stake in shares of Bright Green by 631.0% during the 4th quarter. Barclays PLC now owns 85,816 shares of the company’s stock worth $28,000 after purchasing an additional 74,077 shares during the period. Two Sigma Securities LLC purchased a new position in shares of Bright Green during the 2nd quarter worth $34,000. HRT Financial LP purchased a new position in shares of Bright Green during the 4th quarter worth $37,000. Finally, Two Sigma Investments LP purchased a new position in shares of Bright Green during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 7.83% of the company’s stock.
Bright Green Stock Performance
BGXX stock opened at $0.23 on Wednesday. Bright Green has a 1 year low of $0.15 and a 1 year high of $1.81. The stock’s 50 day moving average price is $0.23 and its 200 day moving average price is $0.28. The firm has a market cap of $41.37 million, a P/E ratio of -3.75 and a beta of 0.72.
About Bright Green
Bright Green Corporation focuses on the cultivation, manufacture, and sale of cannabis and cannabis-related products. Its products are used in research, pharmaceutical applications, and affiliated exports. The company was incorporated in 2019 and is based in Grants, New Mexico.
Read More
- Five stocks we like better than Bright Green
- 5 Top Rated Dividend Stocks to Consider
- Silicon Motion Proves That AI in Motion Stays in Motion
- What Makes a Stock a Good Dividend Stock?
- Undervalued UnitedHealth Group Won’t Be For Long
- Insider Selling Explained: Can it Inform Your Investing Choices?
- The 5 Stocks Most Sold By Insiders This Year
Receive News & Ratings for Bright Green Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bright Green and related companies with MarketBeat.com's FREE daily email newsletter.
