BrilliA Inc (NYSEAMERICAN:BRIA) Short Interest Update

Key Points

• Short interest plunged 64% to 3,452 shares as of April 15 (from 9,601 on March 31), leaving a days-to-cover ratio of about 1.3 and effectively 0.0% of the stock reported as short sold.
• Share price and technicals: BRIA opened at $1.70, with a 50-day moving average of $1.89, a 200-day moving average of $1.86, and a 12-month range of $1.41 to $4.95.
• Institutional move: Virtu Financial bought a new stake of 14,875 shares (about $31,000) in the company during the third quarter.

BrilliA Inc (NYSEAMERICAN:BRIA - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,452 shares, a decline of 64.0% from the March 31st total of 9,601 shares. Based on an average daily volume of 2,630 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.0% of the company's stock are short sold.

BrilliA Trading Up 1.3%

BRIA opened at $1.70 on Friday. The stock has a fifty day moving average of $1.89 and a 200-day moving average of $1.86. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.42 and a current ratio of 1.93. BrilliA has a 12-month low of $1.41 and a 12-month high of $4.95.

Institutional Investors Weigh In On BrilliA

A hedge fund recently bought a new stake in BrilliA stock. Virtu Financial LLC bought a new stake in shares of BrilliA Inc (NYSEAMERICAN:BRIA - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,875 shares of the company's stock, valued at approximately $31,000.

About BrilliA

BrilliA Inc engages in the design, development and manufacturing of residential and commercial ventilation and range hood systems. The company's core product line includes ducted and ductless range hoods, ceiling-mounted and wall-mounted ventilation fans, heat sensors, remote controls and a variety of grille and lighting accessories. BrilliA focuses on combining innovative airflow technology with modern design elements to address both new construction and retrofit applications.

In addition to its ventilation business, BrilliA offers a selection of complementary home improvement products that enhance indoor air quality and kitchen functionality.

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