Upexi, Inc. (NASDAQ:UPXI) Short Interest Up 88.9% in March

Upexi, Inc. (NASDAQ:UPXI) was the recipient of a large increase in short interest in the month of 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. Based on an average trading volume of 129,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.8% of the company’s shares are sold short.

Upexi Stock Performance

UPXI stock opened at $2.36 on Friday. The company has a fifty day moving average price of $3.23 and a 200-day moving average price of $4.02. The company has a quick ratio of 0.53, a current ratio of 0.58 and a debt-to-equity ratio of 0.35. Upexi has a 52-week low of $2.17 and a 52-week high of $15.91.

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

Hedge Funds Weigh In On Upexi

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can bought a new stake in shares of Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.81% of Upexi as of its most recent filing with the Securities and Exchange Commission. 5.68% of the stock is currently owned by hedge funds and other institutional investors.

About Upexi

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.