Infobird Co., Ltd. (NASDAQ:IFBD) Short Interest Update

Infobird Co., Ltd. (NASDAQ:IFBD) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 173,403 shares, an increase of 137.4% from the May 14th total of 73,045 shares. Based on an average daily volume of 213,601 shares, the short-interest ratio is presently 0.8 days. Currently, 4.9% of the shares of the stock are short sold.

Infobird Stock Down 9.2%

Shares of Infobird stock traded down $0.10 on Friday, hitting $0.99. 42,837 shares of the company’s stock traded hands, compared to its average volume of 238,934. Infobird has a one year low of $0.66 and a one year high of $2.18. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $0.97 and a two-hundred day moving average of $0.96.

Infobird (NASDAQ:IFBD) last announced its earnings results on Thursday, April 2nd. The company reported ($3.36) EPS for the quarter. The company had revenue of $2.63 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Infobird in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Infobird Company Profile

Infobird Co, Ltd. is a cloud-based communications software and services provider listed on the NASDAQ under the ticker IFBD. Headquartered in Shanghai, China, the company specializes in delivering SaaS solutions for customer engagement and contact center management. Leveraging a cloud-native architecture, Infobird’s platform enables enterprises to streamline their customer service operations by integrating voice, SMS, social media messaging and web chat channels into a unified system.

At the core of Infobird’s offerings is its iBird Cloud platform, which combines omnichannel contact center capabilities with AI-powered features such as chatbots, intelligent self-service and analytics.