Birks Group Inc. (NYSEAMERICAN:BGI) Short Interest Update

Birks Group Inc. (NYSEAMERICAN:BGI - Get Free Report) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totalling 28,900 shares, an increase of 252.4% from the March 15th total of 8,200 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average trading volume of 13,200 shares, the short-interest ratio is presently 2.2 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Birks Group in a research note on Monday. They set a "sell" rating for the company.

Institutional Trading of Birks Group

Several hedge funds and other institutional investors have recently bought and sold shares of BGI. Bank of America Corp DE bought a new position in Birks Group in the 1st quarter worth $26,000. Ingalls & Snyder LLC grew its stake in Birks Group by 70.0% in the fourth quarter. Ingalls & Snyder LLC now owns 17,000 shares of the company's stock worth $80,000 after purchasing an additional 7,000 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Birks Group by 45.8% in the 3rd quarter. Renaissance Technologies LLC now owns 29,600 shares of the company's stock worth $155,000 after buying an additional 9,300 shares during the period. Institutional investors own 0.22% of the company's stock.

Birks Group Stock Performance

Shares of BGI traded down $0.06 during mid-day trading on Wednesday, reaching $3.00. The company's stock had a trading volume of 3,734 shares, compared to its average volume of 12,833. Birks Group has a 52 week low of $2.40 and a 52 week high of $10.02.

Birks Group Company Profile

Birks Group Inc designs, develops, manufactures, and retails fine jewelry, timepieces, sterling and plated silverware, and gifts in the United States and Canada. The company operates through two segments, Retail and Other. It offers various merchandise, including designer jewelry, diamonds, gemstone and precious metal jewelry, rings, wedding bands, earrings, bracelets, necklaces, precious gemstones, gold jewelry, and pearls.

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