Upexi, Inc. (NASDAQ:UPXI) Sees Large Growth in Short Interest

Upexi, Inc. (NASDAQ:UPXI) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 39,300 shares, an increase of 88.9% from the February 28th total of 20,800 shares. Currently, 3.8% of the company’s stock are sold short. Based on an average daily volume of 129,000 shares, the short-interest ratio is presently 0.3 days.

Upexi Price Performance

Shares of NASDAQ UPXI opened at $2.24 on Friday. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $3.20 and a 200-day moving average price of $4.01. Upexi has a 1 year low of $2.17 and a 1 year high of $15.91.

Upexi (NASDAQ:UPXI) last released its quarterly earnings results on Friday, February 14th. The company reported ($1.24) earnings per share (EPS) for the quarter. The business had revenue of $4.01 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can acquired a new position in shares of Upexi, Inc. (NASDAQ:UPXI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned about 0.81% of Upexi at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.68% of the company’s stock.

Upexi Company Profile

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.