Fobi AI Inc. (OTCMKTS:FOBIF) Sees Significant Drop in Short Interest

Fobi AI Inc. (OTCMKTS:FOBIF – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,379 shares, a decline of 55.8% from the August 31st total of 7,653 shares. Based on an average trading volume of 26,346 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Fobi AI Price Performance

FOBIF traded down $0.00 during trading hours on Monday, hitting $0.02. 7,630 shares of the stock were exchanged, compared to its average volume of 99,878. The stock has a 50-day simple moving average of $0.05 and a 200-day simple moving average of $0.05. Fobi AI has a 12 month low of $0.00 and a 12 month high of $0.20. The stock has a market cap of $4.49 million, a price-to-earnings ratio of -1.00 and a beta of -0.05.

Fobi AI Company Profile

(Get Free Report)

Fobi AI Inc is a Vancouver, British Columbia-based technology company that develops data intelligence and mobile-wallet solutions for businesses. Its platform is designed to help organizations distribute digital passes, including loyalty cards, coupons, tickets, memberships and identification credentials, through mobile devices.

The company’s technology is intended to connect digital wallet activity with business data, enabling organizations to engage customers, manage promotions and generate insights from transactions and other interactions.

Featured Stories

Receive News & Ratings for Fobi AI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fobi AI and related companies with MarketBeat.com's FREE daily email newsletter.