Giftify, Inc. (NASDAQ:GIFT) Sees Significant Growth in Short Interest

Giftify, Inc. (NASDAQ:GIFT – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 76,083 shares, an increase of 339.9% from the May 31st total of 17,297 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 232,526 shares, the days-to-cover ratio is currently 0.3 days.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Giftify presently has an average rating of “Sell”.

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Giftify Stock Up 7.6%

Giftify stock traded up $0.07 during mid-day trading on Friday, reaching $1.01. The stock had a trading volume of 43,772 shares, compared to its average volume of 157,592. The firm has a market capitalization of $34.45 million, a PE ratio of -3.16 and a beta of -1.38. Giftify has a fifty-two week low of $0.74 and a fifty-two week high of $1.56. The stock’s 50-day simple moving average is $0.97 and its 200-day simple moving average is $0.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.60 and a current ratio of 1.00.

Giftify (NASDAQ:GIFT – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $21.36 million for the quarter, compared to the consensus estimate of $20.55 million. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Elevation Point Wealth Partners LLC bought a new stake in Giftify during the first quarter worth $100,000. Henrickson Nauta Wealth Advisors Inc. bought a new position in Giftify during the 1st quarter valued at $142,000. Susquehanna International Group LLP boosted its holdings in Giftify by 62.1% during the 3rd 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. Finally, Blair William & Co. IL grew its stake in shares of Giftify by 280.0% in the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after acquiring an additional 70,000 shares in the last quarter.

About Giftify

(Get Free Report)

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.

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