Brilliant Earth Group, Inc. (NASDAQ:BRLT) Stock Short Interest Report for October

Brilliant Earth Group, Inc. (NASDAQ:BRLT) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 29,404 shares, a drop of 45.1% from the September 30th total of 53,535 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 71,904 shares, the days-to-cover ratio is currently 0.4 days.

Brilliant Earth Group Trading Down 1.3%

Shares of Brilliant Earth Group stock traded down $0.02 during trading hours on Friday, reaching $1.57. 57,653 shares of the company’s stock were exchanged, compared to its average volume of 63,246. The company has a 50 day moving average of $1.42 and a two-hundred day moving average of $1.35. The stock has a market cap of $159.86 million, a P/E ratio of -5.41 and a beta of 1.42. Brilliant Earth Group has a fifty-two week low of $1.00 and a fifty-two week high of $2.90.

Brilliant Earth Group (NASDAQ:BRLT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.03 EPS for the quarter. Brilliant Earth Group had a negative net margin of 0.66% and a negative return on equity of 15.48%. The firm had revenue of $115.11 million during the quarter, compared to analysts’ expectations of $111.39 million. As a group, analysts expect that Brilliant Earth Group will post 0.02 earnings per share for the current fiscal year.

Insider Transactions at Brilliant Earth Group

In other Brilliant Earth Group news, Director Gavin Turner sold 50,000 shares of Brilliant Earth Group stock in a transaction on Monday, August 10th. The stock was sold at an average price of $1.29, for a total transaction of $64,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 83.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Brilliant Earth Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $1.74.

Brilliant Earth Group Company Profile

Brilliant Earth Group, Inc is a digitally focused fine jewelry company that designs and sells engagement rings, wedding bands, fine jewelry, and related accessories. Its products include natural and lab-grown diamonds, gemstones, recycled precious metals, and customizable jewelry designs.

The company operates through an e-commerce platform supported by showrooms and appointments, allowing customers to research, design, and purchase jewelry online or through in-person consultations. Brilliant Earth emphasizes product transparency and sourcing, including diamond origin information and options intended to support responsible sourcing practices.

Brilliant Earth was founded in 2005 by Beth Gerstein and Eric Grossberg and has expanded its presence across the United States through its digital platform and showroom network.