Giftify, Inc. (NASDAQ:GIFT) Short Interest Update

Giftify, Inc. (NASDAQ:GIFT) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 76,083 shares, a growth of 339.9% from the May 31st total of 17,297 shares. Based on an average daily volume of 232,526 shares, the short-interest ratio is currently 0.3 days. Currently, 0.3% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Giftify Trading Up 7.6%

Shares of NASDAQ:GIFT traded up $0.07 during trading on Friday, reaching $1.01. 43,772 shares of the stock were exchanged, compared to its average volume of 157,592. The firm’s 50-day moving average price is $0.97 and its 200 day moving average price is $0.99. The firm has a market cap of $34.45 million, a price-to-earnings ratio of -3.16 and a beta of -1.38. Giftify has a 12-month low of $0.74 and a 12-month high of $1.56. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.60 and a current ratio of 1.00.

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

Institutional Investors Weigh In On Giftify

Institutional investors have recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Giftify in the 1st quarter valued at $100,000. Susquehanna International Group LLP raised its holdings in shares of Giftify by 62.1% during the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after acquiring an additional 17,234 shares in the last quarter. Blair William & Co. IL lifted its stake in Giftify by 280.0% in the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock valued at $101,000 after acquiring an additional 70,000 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in Giftify during the first quarter worth $142,000.

About Giftify

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.