Short Interest in BEST Inc. (NYSE:BEST) Declines By 31.5%

BEST Inc. (NYSE:BEST) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 31,100 shares, a drop of 31.5% from the November 15th total of 45,400 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 15,300 shares, the days-to-cover ratio is currently 2.0 days.

BEST Stock Up 0.8 %

Shares of BEST traded up $0.02 during mid-day trading on Friday, hitting $2.67. 11,818 shares of the company’s stock were exchanged, compared to its average volume of 21,454. BEST has a fifty-two week low of $1.85 and a fifty-two week high of $2.77. The stock’s 50-day moving average is $2.69 and its 200-day moving average is $2.65.

About BEST

BEST Inc operates as a smart supply chain service provider in the People's Republic of China. Its proprietary technology platform, BEST Cloud, enables its ecosystem participants to operate their businesses through various SaaS-based applications. The company applies its technologies to a range of applications, such as network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management.