Infobird Co., Ltd. (NASDAQ:IFBD) Stock Short Interest Falls 39.8%

by · The Markets Daily

Infobird Co., Ltd. (NASDAQ:IFBD – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 83,296 shares, a decline of 39.8% from the September 30th total of 138,467 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 96,674 shares, the short-interest ratio is currently 0.9 days.

Infobird Stock Performance

NASDAQ:IFBD opened at $0.74 on Friday. The stock’s fifty day moving average is $0.91 and its two-hundred day moving average is $0.97. Infobird has a 52 week low of $0.66 and a 52 week high of $2.17.

Infobird (NASDAQ:IFBD – Get Free Report) last released its earnings results on Thursday, September 24th. The company reported ($0.94) earnings per share (EPS) for the quarter. The business had revenue of $0.93 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, October 26th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Get Our Latest Analysis on Infobird

About Infobird

(Get Free Report)

Infobird Co, Ltd. (NASDAQ: IFBD) is a China-based software-as-a-service provider focused on artificial intelligence and customer engagement technologies. The company develops cloud-based solutions designed to help businesses manage customer service operations, improve interactions and automate routine support activities.

Its products and services include intelligent customer service platforms, cloud contact-center software, customer relationship management tools, chatbots and other AI-enabled applications.

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