Brilliant Earth Group, Inc. (NASDAQ:BRLT) Short Interest Update

Key Points

• Brilliant Earth Group, Inc. experienced a significant decline in short interest, dropping by 35.5% from 303,700 shares to 195,800 shares as of September 15th.
• The company declared a $0.25 per share dividend, which was paid on September 8th to shareholders of record as of August 22nd.
• Wall Street analysts have mixed opinions on the stock, with ratings ranging from "sell" to "strong-buy," and an average target price of $1.80.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 195,800 shares, a decline of 35.5% from the August 31st total of 303,700 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is currently 0.2 days. Approximately 1.5% of the company's stock are sold short. Approximately 1.5% of the company's stock are sold short. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is currently 0.2 days.

Brilliant Earth Group Stock Performance

Shares of Brilliant Earth Group stock opened at $2.03 on Friday. The company has a market cap of $202.49 million, a P/E ratio of -67.67 and a beta of 1.37. Brilliant Earth Group has a one year low of $1.25 and a one year high of $3.10. The firm has a fifty day moving average of $2.22 and a two-hundred day moving average of $1.73.

Brilliant Earth Group Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 8th. Shareholders of record on Friday, August 22nd were given a dividend of $0.25 per share. The ex-dividend date was Friday, August 22nd.

Hedge Funds Weigh In On Brilliant Earth Group

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC purchased a new position in shares of Brilliant Earth Group in the 4th quarter valued at about $25,000. Millennium Management LLC purchased a new position in shares of Brilliant Earth Group in the 4th quarter valued at about $65,000. Finally, Klingman & Associates LLC increased its holdings in shares of Brilliant Earth Group by 61.5% in the 2nd quarter. Klingman & Associates LLC now owns 148,273 shares of the company's stock valued at $204,000 after purchasing an additional 56,451 shares in the last quarter. Hedge funds and other institutional investors own 70.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reiterated a "sell (d)" rating on shares of Brilliant Earth Group in a report on Saturday, September 27th. Telsey Advisory Group reiterated a "market perform" rating and set a $2.00 price target on shares of Brilliant Earth Group in a report on Thursday, August 7th. Cowen reiterated a "hold" rating on shares of Brilliant Earth Group in a report on Friday, August 8th. Zacks Research upgraded shares of Brilliant Earth Group from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th. Finally, Wall Street Zen upgraded shares of Brilliant Earth Group to a "strong-buy" rating in a report on Saturday, September 20th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brilliant Earth Group presently has an average rating of "Reduce" and an average target price of $1.80.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc designs, procures, and sells diamonds, gemstones, and jewelry in the United States and internationally. The company's product assortment and merchandise include a collection of diamond engagement rings, wedding and anniversary rings, gemstone rings, and fine jewelry. It sells directly to consumers through its omnichannel sales platform, including e-commerce and showrooms.

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