Giftify, Inc. (NASDAQ:GIFT) Short Interest Down 36.6% in December

Giftify, Inc. (NASDAQ:GIFT) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 52,175 shares, a drop of 36.6% from the December 15th total of 82,351 shares. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is currently 1.8 days.

Giftify Price Performance

GIFT stock traded down $0.01 on Friday, hitting $1.09. The company’s stock had a trading volume of 54,477 shares, compared to its average volume of 50,742. The firm has a 50 day moving average of $1.08 and a two-hundred day moving average of $1.08. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 0.03. Giftify has a 1 year low of $0.82 and a 1 year high of $2.38.

Giftify (NASDAQ:GIFT) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%. The business had revenue of $18.78 million during the quarter, compared to analyst estimates of $23.40 million.

Institutional Trading of Giftify

A number of hedge funds have recently added to or reduced their stakes in GIFT. Blair William & Co. IL increased its holdings in shares of Giftify by 150.0% in the second quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock valued at $38,000 after purchasing an additional 15,000 shares during the period. Susquehanna International Group LLP grew its position in Giftify by 62.1% in the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after buying an additional 17,234 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify in the 3rd quarter valued at $160,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research note on Friday, January 9th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $4.00.

About Giftify

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.