Giftify, Inc. (NASDAQ:GIFT) Short Interest Update
by Tristan Rich · The Markets DailyGiftify, Inc. (NASDAQ:GIFT – Get Free Report) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 17,297 shares, a drop of 54.9% from the May 14th total of 38,384 shares. Based on an average daily trading volume, of 60,002 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Giftify presently has a consensus rating of “Sell”.
Institutional Trading of Giftify
Institutional investors have recently bought and sold shares of the stock. Henrickson Nauta Wealth Advisors Inc. bought a new stake in shares of Giftify during the first quarter worth $142,000. Elevation Point Wealth Partners LLC purchased a new position in Giftify in the first quarter valued at about $100,000. Blair William & Co. IL grew its stake in Giftify by 280.0% in the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after purchasing an additional 70,000 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of Giftify by 62.1% during the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after acquiring an additional 17,234 shares during the last quarter.
Giftify Price Performance
Shares of GIFT stock traded up $0.03 on Friday, reaching $0.92. The company’s stock had a trading volume of 56,434 shares, compared to its average volume of 151,358. The stock’s fifty day simple moving average is $1.00 and its 200-day simple moving average is $1.00. Giftify has a 1 year low of $0.74 and a 1 year high of $1.65. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $31.38 million, a price-to-earnings ratio of -2.88 and a beta of -1.37.
Giftify (NASDAQ:GIFT – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). The firm had revenue of $21.36 million during the quarter, compared to analyst estimates of $20.55 million. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.
Giftify Company Profile
Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.
Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.