Infobird Co., Ltd. (NASDAQ:IFBD – Get Free Report) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 83,296 shares, a decline of 39.8% from the September 30th total of 138,467 shares. Approximately 2.4% of the company’s shares are sold short. Based on an average daily volume of 96,674 shares, the days-to-cover ratio is currently 0.9 days.
Infobird Stock Down 0.3%
Shares of Infobird stock opened at $0.74 on Friday. The firm’s 50 day moving average price is $0.91 and its 200-day moving average price is $0.97. Infobird has a 52-week low of $0.66 and a 52-week high of $2.17.
Infobird (NASDAQ:IFBD – Get Free Report) last issued its quarterly earnings results on Thursday, September 24th. The company reported ($0.94) earnings per share for the quarter. The business had revenue of $0.93 million during the quarter.
Wall Street Analyst Weigh In
Separately, Weiss Ratings lowered shares of Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.
About Infobird
Infobird Co, Ltd. (NASDAQ: IFBD) is a China-based software-as-a-service provider focused on artificial intelligence and customer engagement technologies. The company develops cloud-based solutions designed to help businesses manage customer service operations, improve interactions and automate routine support activities.
Its products and services include intelligent customer service platforms, cloud contact-center software, customer relationship management tools, chatbots and other AI-enabled applications.
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