Short Interest in BrilliA Inc (NYSEAMERICAN:BRIA) Decreases By 87.0%

BrilliA Inc (NYSEAMERICAN:BRIA) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 632 shares, a drop of 87.0% from the November 30th total of 4,860 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 9,603 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 9,603 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On BrilliA

A hedge fund recently bought a new stake in BrilliA stock. Virtu Financial LLC acquired a new stake in shares of BrilliA Inc (NYSEAMERICAN:BRIA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,875 shares of the company’s stock, valued at approximately $31,000.

BrilliA Stock Performance

Shares of BRIA stock traded down $0.05 during trading hours on Wednesday, hitting $1.57. 5,607 shares of the company were exchanged, compared to its average volume of 8,710. The company has a 50 day simple moving average of $1.80 and a two-hundred day simple moving average of $2.16. BrilliA has a fifty-two week low of $1.56 and a fifty-two week high of $4.95.

Analysts Set New Price Targets

BRIA has been the topic of a number of analyst reports. Alliance Global Partners began coverage on BrilliA in a research report on Friday, August 29th. They issued a “buy” rating and a $5.00 price target on the stock. Citigroup started coverage on BrilliA in a report on Friday, August 29th. They issued a “buy” rating on the stock. Finally, Industrial Alliance Securities set a $5.00 price target on shares of BrilliA in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.00.

About BrilliA

BrilliA Inc engages in the design, development and manufacturing of residential and commercial ventilation and range hood systems. The company’s core product line includes ducted and ductless range hoods, ceiling-mounted and wall-mounted ventilation fans, heat sensors, remote controls and a variety of grille and lighting accessories. BrilliA focuses on combining innovative airflow technology with modern design elements to address both new construction and retrofit applications.

In addition to its ventilation business, BrilliA offers a selection of complementary home improvement products that enhance indoor air quality and kitchen functionality.