Infobird Co., Ltd. (NASDAQ:IFBD) Sees Large Growth in Short Interest

Infobird Co., Ltd. (NASDAQ:IFBD) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 138,467 shares, a growth of 916.9% from the September 15th total of 13,617 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average trading volume of 2,355,266 shares, the short-interest ratio is currently 0.1 days.

Infobird Stock Up 15.6%

Shares of NASDAQ IFBD traded up $0.13 during mid-day trading on Friday, hitting $0.97. 214,191 shares of the company’s stock traded hands, compared to its average volume of 1,315,878. The company’s 50-day moving average is $0.98 and its two-hundred day moving average is $1.00. Infobird has a 1 year low of $0.66 and a 1 year high of $2.17.

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

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 28th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Infobird Company Profile

Infobird Co, Ltd. is a China-based software company that provides cloud-based customer relationship management (CRM) and customer-service solutions. Its offerings are designed to help businesses manage customer interactions, improve service operations, and use data and artificial intelligence to support customer engagement.

The company’s products and services include cloud contact-center technology, intelligent customer-service tools, CRM software, and related business-process solutions.