Planet Image International Limited (NASDAQ:YIBO) Short Interest Update

Planet Image International Limited (NASDAQ:YIBO) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 52,583 shares, a decrease of 41.6% from the April 30th total of 89,997 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 35,460 shares, the short-interest ratio is presently 1.5 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Planet Image International

A hedge fund recently bought a new stake in Planet Image International stock. SmartHarvest Portfolios LLC acquired a new position in Planet Image International Limited (NASDAQ:YIBO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Stock Performance

Planet Image International stock traded down $0.02 during trading hours on Wednesday, reaching $0.99. 6,243 shares of the company’s stock were exchanged, compared to its average volume of 336,758. The firm’s 50 day simple moving average is $0.99 and its 200 day simple moving average is $1.01. Planet Image International has a twelve month low of $0.63 and a twelve month high of $1.82. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.57.

Planet Image International (NASDAQ:YIBO) last released its earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The business had revenue of $40.37 million for the quarter.

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.