Infobird Co., Ltd. (NASDAQ:IFBD) Stock Short Interest Falls 39.8%

Infobird Co., Ltd. (NASDAQ:IFBD) was the recipient of a significant decline in short interest during 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 shares of the company are sold short. Based on an average daily trading volume, of 96,674 shares, the days-to-cover ratio is presently 0.9 days.

Infobird Trading Up 18.4%

Shares of Infobird stock traded up $0.19 during midday trading on Tuesday, hitting $1.22. 342,000 shares of the company traded hands, compared to its average volume of 184,592. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $0.97. Infobird has a 12 month low of $0.66 and a 12 month high of $2.17.

Infobird (NASDAQ:IFBD) last posted its earnings results on Thursday, September 24th. The company reported ($0.94) EPS for the quarter. The business had revenue of $0.93 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently 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.