Short Interest in Upexi, Inc. (NASDAQ:UPXI) Declines By 21.7%

Upexi, Inc. (NASDAQ:UPXI) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 495,200 shares, a drop of 21.7% from the August 15th total of 632,600 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average daily volume of 916,300 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On Upexi

An institutional investor recently bought a new position in Upexi stock. Victory Capital Management Inc. bought a new position in Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,553 shares of the company’s stock, valued at approximately $40,000. Victory Capital Management Inc. owned about 0.17% of Upexi at the end of the most recent quarter. 5.68% of the stock is currently owned by institutional investors.

Upexi Stock Down 1.4 %

NASDAQ UPXI opened at $0.19 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.33 and a current ratio of 0.93. The company’s fifty day moving average is $0.28 and its two-hundred day moving average is $0.42. Upexi has a 52-week low of $0.18 and a 52-week high of $1.99.

Upexi (NASDAQ:UPXI) last issued its earnings results on Tuesday, July 9th. The company reported ($0.20) earnings per share for the quarter. Upexi had a negative net margin of 28.34% and a negative return on equity of 54.97%. The business had revenue of $14.45 million for the quarter.

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.