Short Interest in Giftify, Inc. (NASDAQ:GIFT) Drops By 37.9%

Giftify, Inc. (NASDAQ:GIFT) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totaling 35,661 shares, a decrease of 37.9% from the March 31st total of 57,450 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 146,196 shares, the short-interest ratio is currently 0.2 days.

Giftify Price Performance

GIFT traded down $0.01 on Monday, hitting $1.20. 9,078 shares of the company were exchanged, compared to its average volume of 81,247. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.53 and a current ratio of 1.03. The business’s fifty day moving average is $0.98 and its 200 day moving average is $1.05. Giftify has a fifty-two week low of $0.74 and a fifty-two week high of $2.08. The firm has a market capitalization of $40.41 million, a P/E ratio of -3.51 and a beta of -1.46.

Giftify (NASDAQ:GIFT) last released its quarterly earnings results on Wednesday, March 18th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01). The business had revenue of $21.22 million during the quarter, compared to analyst estimates of $19.60 million. Giftify had a negative net margin of 12.61% and a negative return on equity of 48.57%.

Institutional Trading of Giftify

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP grew its position in shares of Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares during the last quarter. Blair William & Co. IL boosted its position in Giftify by 280.0% during the third 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 during the last quarter. Elevation Point Wealth Partners LLC purchased a new position in Giftify during the first quarter worth approximately $100,000. Finally, Henrickson Nauta Wealth Advisors Inc. purchased a new position in Giftify during the first quarter worth approximately $142,000.

Wall Street Analyst Weigh In

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

Giftify Company Profile

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.