Giftify, Inc. (NASDAQ:GIFT) Sees Large Decline in Short Interest

Giftify, Inc. (NASDAQ:GIFT) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 17,297 shares, a decrease of 54.9% from the May 14th total of 38,384 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 60,002 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Giftify

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIFT. Henrickson Nauta Wealth Advisors Inc. purchased a new stake in Giftify in the 1st quarter worth approximately $142,000. Elevation Point Wealth Partners LLC purchased a new stake in Giftify in the 1st quarter worth approximately $100,000. Blair William & Co. IL lifted its position in Giftify by 280.0% in the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in shares of Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after purchasing an additional 17,234 shares during the last quarter.

Giftify Stock Up 5.5%

GIFT stock traded up $0.05 during midday trading on Monday, reaching $0.97. The company had a trading volume of 73,626 shares, compared to its average volume of 91,421. Giftify has a 1 year low of $0.74 and a 1 year high of $1.65. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $33.11 million, a P/E ratio of -3.03 and a beta of -1.38. The company has a 50 day moving average of $1.00 and a two-hundred day moving average of $1.00.

Giftify (NASDAQ:GIFT) last released its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%. The company had revenue of $21.36 million during the quarter, compared to the consensus estimate of $20.55 million.

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.