Planet Image International Limited (NASDAQ:YIBO) Short Interest Up 126.1% in February

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 132,828 shares, an increase of 126.1% from the February 12th total of 58,745 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,218,895 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 2,218,895 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Hedge Funds Weigh In On Planet Image International

A hedge fund recently bought a new stake in Planet Image International stock. Financial Plan Inc. purchased a new position in Planet Image International Limited (NASDAQ:YIBO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,000 shares of the company’s stock, valued at approximately $30,000.

Planet Image International Trading Down 0.3%

NASDAQ:YIBO opened at $1.00 on Friday. The firm’s fifty day simple moving average is $0.99 and its 200 day simple moving average is $1.14. Planet Image International has a twelve month low of $0.72 and a twelve month high of $2.69.

About Planet Image International

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.