Short Interest in Allbirds, Inc. (NASDAQ:BIRD) Expands By 156.5%

Allbirds, Inc. (NASDAQ:BIRDGet Free Report) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 1,108,752 shares, an increase of 156.5% from the April 15th total of 432,322 shares. Based on an average daily volume of 6,818,654 shares, the short-interest ratio is presently 0.2 days. Currently, 18.4% of the shares of the company are short sold.

Hedge Funds Weigh In On Allbirds

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Performa Ltd US LLC lifted its stake in Allbirds by 36.2% in the 1st quarter. Performa Ltd US LLC now owns 25,000 shares of the company’s stock valued at $75,000 after purchasing an additional 6,650 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in Allbirds by 46.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock valued at $143,000 after purchasing an additional 11,100 shares during the last quarter. Jane Street Group LLC bought a new position in Allbirds in the 4th quarter valued at approximately $54,000. Susquehanna International Group LLP bought a new position in Allbirds in the 3rd quarter valued at approximately $59,000. Finally, Vanguard Group Inc. raised its stake in shares of Allbirds by 4.9% during the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock valued at $1,383,000 after acquiring an additional 11,459 shares during the last quarter. Institutional investors own 44.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BIRD. Wall Street Zen raised shares of Allbirds from a “sell” rating to a “hold” rating in a report on Saturday, April 18th. Weiss Ratings downgraded shares of Allbirds from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 1st. Finally, Maxim Group downgraded shares of Allbirds from a “buy” rating to a “hold” rating in a report on Wednesday, February 4th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $8.00.

Read Our Latest Report on BIRD

Allbirds Price Performance

Shares of Allbirds stock traded down $0.03 on Friday, reaching $4.48. 280,880 shares of the stock were exchanged, compared to its average volume of 4,064,203. The firm has a market cap of $38.99 million, a PE ratio of -0.47 and a beta of 2.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.06 and a current ratio of 2.02. The firm’s 50 day moving average is $4.80 and its 200-day moving average is $4.62. Allbirds has a one year low of $2.15 and a one year high of $24.31.

Allbirds (NASDAQ:BIRDGet Free Report) last issued its quarterly earnings data on Monday, April 20th. The company reported ($2.37) EPS for the quarter. The company had revenue of $22.32 million during the quarter. Allbirds had a negative net margin of 50.69% and a negative return on equity of 127.72%.

Allbirds Company Profile

(Get Free Report)

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.

Further Reading

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