Short Interest in BrilliA Inc (NYSEAMERICAN:BRIA) Increases By 342.1%

BrilliA Inc (NYSEAMERICAN:BRIA) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 89,300 shares, an increase of 342.1% from the August 31st total of 20,200 shares. Based on an average daily volume of 558,600 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 558,600 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Industrial Alliance Securities set a $5.00 price objective on BrilliA in a research note on Friday, August 29th. Alliance Global Partners assumed coverage on BrilliA in a research note on Friday, August 29th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, Citigroup started coverage on BrilliA in a research note on Friday, August 29th. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, BrilliA currently has a consensus rating of “Buy” and an average price target of $5.00.

BrilliA Trading Up 0.5%

Shares of BRIA stock opened at $2.10 on Friday. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $2.36. BrilliA has a twelve month low of $1.78 and a twelve month high of $4.95.

BrilliA Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were given a $0.133 dividend. The ex-dividend date was Monday, September 15th. This represents a dividend yield of 554.0%.

About BrilliA

BrilliA Inc is a one-stop service cross-border solution provider for ladies’ intimate apparel brands, managing sales and customer relationships with major clients like Fruit of the Loom, Hanes Brands Inc and H&M. BrilliA Inc is based in SINGAPORE.