Birkenstock Holding plc (NYSE:BIRK – Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 4,130,000 shares, a growth of 6.2% from the December 15th total of 3,890,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the short-interest ratio is presently 3.4 days. Currently, 10.4% of the shares of the company are sold short.
Birkenstock Price Performance
NYSE:BIRK traded up $2.17 during trading hours on Monday, reaching $60.02. 1,681,257 shares of the company were exchanged, compared to its average volume of 1,436,610. The company has a current ratio of 2.60, a quick ratio of 1.20 and a debt-to-equity ratio of 0.50. The firm has a market cap of $11.27 billion, a PE ratio of 55.57, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Birkenstock has a twelve month low of $41.00 and a twelve month high of $64.78. The stock’s 50-day moving average is $53.92 and its 200-day moving average is $53.00.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in shares of Birkenstock by 370.8% during the third quarter. HighTower Advisors LLC now owns 26,165 shares of the company’s stock worth $1,289,000 after buying an additional 20,607 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Birkenstock during the 3rd quarter valued at about $1,323,000. Renaissance Technologies LLC raised its holdings in Birkenstock by 128.8% in the 2nd quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock valued at $6,747,000 after acquiring an additional 69,800 shares during the last quarter. FMR LLC lifted its stake in Birkenstock by 61.4% in the 3rd quarter. FMR LLC now owns 2,128,689 shares of the company’s stock worth $104,923,000 after purchasing an additional 809,784 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Birkenstock during the 2nd quarter worth approximately $602,000. Institutional investors and hedge funds own 19.93% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Report on Birkenstock
Birkenstock Company Profile
Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.
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