Short Interest in Brilliant Earth Group, Inc. (NASDAQ:BRLT) Expands By 19.6%

Brilliant Earth Group, Inc. (NASDAQ:BRLT) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 144,209 shares, a growth of 19.6% from the January 15th total of 120,554 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 63,561 shares, the short-interest ratio is currently 2.3 days. Based on an average daily trading volume, of 63,561 shares, the short-interest ratio is currently 2.3 days. Approximately 0.9% of the shares of the stock are short sold.

Analyst Ratings Changes

BRLT has been the subject of several recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $2.00 price objective on shares of Brilliant Earth Group in a report on Wednesday, November 5th. Wall Street Zen cut Brilliant Earth Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Brilliant Earth Group in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Brilliant Earth Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2.50.

Institutional Investors Weigh In On Brilliant Earth Group

Large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Brilliant Earth Group during the 3rd quarter valued at about $32,000. Algert Global LLC bought a new stake in shares of Brilliant Earth Group in the 3rd quarter worth approximately $40,000. Squarepoint Ops LLC purchased a new position in shares of Brilliant Earth Group during the third quarter valued at approximately $81,000. Millennium Management LLC bought a new position in shares of Brilliant Earth Group during the third quarter valued at approximately $84,000. Finally, Kapitalo Investimentos Ltda raised its holdings in shares of Brilliant Earth Group by 234.0% during the third quarter. Kapitalo Investimentos Ltda now owns 45,463 shares of the company’s stock valued at $94,000 after acquiring an additional 31,851 shares in the last quarter. Institutional investors own 70.41% of the company’s stock.

Brilliant Earth Group Price Performance

Shares of Brilliant Earth Group stock opened at $1.43 on Thursday. Brilliant Earth Group has a one year low of $1.26 and a one year high of $3.10. The business’s 50 day simple moving average is $1.68 and its two-hundred day simple moving average is $2.05. The stock has a market capitalization of $142.64 million, a P/E ratio of -47.67 and a beta of 1.41.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc (NASDAQ: BRLT) is a specialty retailer of ethically sourced fine jewelry, with a focus on conflict-free diamonds and lab-grown gemstones. The company offers a broad range of products that include engagement rings, wedding bands, necklaces, earrings and bracelets, all crafted with a commitment to environmental sustainability and social responsibility. Customers can choose from a variety of materials such as recycled precious metals, responsibly sourced gemstones and innovative lab-grown diamonds.

Operating primarily through its e-commerce platform and a network of branded showrooms across major U.S.