Planet Image International Limited (NASDAQ:YIBO) Short Interest Down 20.8% in March

Planet Image International Limited (NASDAQ:YIBO) saw a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 105,227 shares, a drop of 20.8% from the February 26th total of 132,828 shares. Based on an average daily volume of 12,569 shares, the days-to-cover ratio is currently 8.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Planet Image International stock. Financial Plan Inc. bought a new stake in Planet Image International Limited (NASDAQ:YIBO) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 32,000 shares of the company’s stock, valued at approximately $30,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Planet Image International Trading Up 3.5%

Planet Image International stock traded up $0.03 during trading hours on Tuesday, reaching $0.87. 866 shares of the stock were exchanged, compared to its average volume of 560,550. The stock has a 50 day moving average of $0.99 and a two-hundred day moving average of $1.11. Planet Image International has a twelve month low of $0.72 and a twelve month high of $2.69.

Planet Image International Company Profile

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.