Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Short Interest Report for October

Key Points

• Short interest fell 45.1% to 29,404 shares as of October 15, representing 0.2% of outstanding shares and just 0.4 days to cover.
• BRLT shares recently traded at $1.57, while the company reported quarterly revenue of $115.11 million and earnings of $0.03 per share; analysts expect $0.02 EPS for the full year.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and a $1.74 target price. Insiders own 83.2% of the company, though director Gavin Turner recently sold 50,000 shares.

Brilliant Earth Group, Inc. (NASDAQ:BRLT - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 29,404 shares, a drop of 45.1% from the September 30th total of 53,535 shares. Based on an average trading volume of 71,904 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company's shares are short sold.

Insider Transactions at Brilliant Earth Group

In other Brilliant Earth Group news, Director Gavin Turner sold 50,000 shares of the company's stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 83.20% of the company's stock.

Brilliant Earth Group Trading Down 1.3%

BRLT stock traded down $0.02 during mid-day trading on Friday, hitting $1.57. 57,653 shares of the company were exchanged, compared to its average volume of 63,246. The firm has a fifty day simple moving average of $1.42 and a 200 day simple moving average of $1.35. Brilliant Earth Group has a twelve month low of $1.00 and a twelve month high of $2.90. The company has a market capitalization of $159.86 million, a PE ratio of -5.41 and a beta of 1.42.

Brilliant Earth Group (NASDAQ:BRLT - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The firm had revenue of $115.11 million for the quarter, compared to analysts' expectations of $111.39 million. As a group, sell-side analysts anticipate that Brilliant Earth Group will post 0.02 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Brilliant Earth Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Thursday, August 13th. Seven analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Brilliant Earth Group has a consensus rating of "Reduce" and a consensus target price of $1.74.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.

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