Infobird Co., Ltd. (NASDAQ:IFBD) Stock Short Interest Falls 39.8%

Infobird Co., Ltd. (NASDAQ:IFBD) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 83,296 shares, a decline of 39.8% from the September 30th total of 138,467 shares. Based on an average trading volume of 96,674 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.4% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, October 26th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Infobird has an average rating of “Sell”.

Infobird Trading Up 37.8%

NASDAQ IFBD traded up $0.28 during trading hours on Monday, reaching $1.03. 1,032,297 shares of the company traded hands, compared to its average volume of 184,566. Infobird has a 12 month low of $0.66 and a 12 month high of $2.17. The company has a 50 day moving average of $0.91 and a two-hundred day moving average of $0.97.

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

Infobird Company Profile

Infobird Co, Ltd. (NASDAQ: IFBD) is a China-based software-as-a-service provider focused on artificial intelligence and customer engagement technologies. The company develops cloud-based solutions designed to help businesses manage customer service operations, improve interactions and automate routine support activities.

Its products and services include intelligent customer service platforms, cloud contact-center software, customer relationship management tools, chatbots and other AI-enabled applications.