Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) Short Interest Down 21.1% in August

Blue Ridge Bankshares, Inc. (NASDAQ:BRBS) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,210,000 shares, a decline of 21.1% from the August 15th total of 2,800,000 shares. Approximately 3.2% of the company’s shares are short sold. Based on an average daily volume of 679,000 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 679,000 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.2% of the company’s shares are short sold.

Institutional Trading of Blue Ridge Bankshares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Edge Capital LLC grew its position in shares of Blue Ridge Bankshares by 14.2% in the 2nd quarter. Blue Edge Capital LLC now owns 148,457 shares of the company’s stock worth $533,000 after buying an additional 18,457 shares during the period. Gendell Jeffrey L grew its position in shares of Blue Ridge Bankshares by 11.1% in the 2nd quarter. Gendell Jeffrey L now owns 312,221 shares of the company’s stock worth $1,121,000 after buying an additional 31,248 shares during the period. BNP Paribas Financial Markets grew its position in shares of Blue Ridge Bankshares by 436.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,434 shares of the company’s stock worth $27,000 after buying an additional 6,048 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Blue Ridge Bankshares by 1.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 193,976 shares of the company’s stock worth $696,000 after buying an additional 3,612 shares during the period. Finally, Bank of America Corp DE grew its position in shares of Blue Ridge Bankshares by 67.7% in the 2nd quarter. Bank of America Corp DE now owns 49,860 shares of the company’s stock worth $179,000 after buying an additional 20,133 shares during the period. 50.48% of the stock is owned by hedge funds and other institutional investors.

Blue Ridge Bankshares Stock Down 0.9%

NASDAQ:BRBS opened at $4.30 on Friday. The firm’s 50-day moving average price is $3.86 and its 200-day moving average price is $3.54. The company has a market capitalization of $396.14 million, a PE ratio of -6.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.06 and a quick ratio of 1.05. Blue Ridge Bankshares has a 1-year low of $2.66 and a 1-year high of $4.36.

About Blue Ridge Bankshares

Blue Ridge Bankshares, Inc operates as a bank holding company for the Blue Ridge Bank, National Association that provides commercial and consumer banking, and financial services. It operates through: Commercial Banking and Mortgage Banking segments. The company accepts checking, savings, money market, cash management, and individual retirement accounts, as well as certificates of deposit.