Infobird Co., Ltd. (NASDAQ:IFBD) Short Interest Down 29.9% in December

Infobird Co., Ltd. (NASDAQ:IFBD) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 32,890 shares, a decrease of 29.9% from the November 30th total of 46,938 shares. Based on an average daily trading volume, of 23,736 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.9% of the company’s shares are sold short. Currently, 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 23,736 shares, the days-to-cover ratio is currently 1.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Infobird in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Infobird Stock Performance

IFBD traded down $0.11 on Tuesday, reaching $0.99. 10,289 shares of the company traded hands, compared to its average volume of 19,301. The stock’s 50 day moving average price is $1.05 and its 200-day moving average price is $1.05. Infobird has a 52-week low of $0.88 and a 52-week high of $2.65.

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.