Allbirds, Inc. (NASDAQ:BIRD) Short Interest Up 22.1% in November

Allbirds, Inc. (NASDAQ:BIRD) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 574,900 shares, an increase of 22.1% from the October 31st total of 470,700 shares. Based on an average trading volume of 64,100 shares, the days-to-cover ratio is presently 9.0 days. Currently, 11.0% of the shares of the company are short sold.

Allbirds Stock Performance

Allbirds stock traded up $0.18 during midday trading on Friday, reaching $7.99. The company’s stock had a trading volume of 20,564 shares, compared to its average volume of 57,448. The firm has a market capitalization of $63.36 million, a PE ratio of -0.50 and a beta of 1.77. Allbirds has a fifty-two week low of $7.25 and a fifty-two week high of $29.00. The stock’s 50 day simple moving average is $9.88 and its 200 day simple moving average is $11.45.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.68) EPS for the quarter, beating the consensus estimate of ($3.13) by $0.45. Allbirds had a negative net margin of 60.43% and a negative return on equity of 65.30%. The firm had revenue of $43.00 million during the quarter, compared to analysts’ expectations of $42.11 million. During the same quarter last year, the business earned ($4.20) earnings per share. Equities analysts predict that Allbirds will post -11.89 earnings per share for the current year.

Insider Transactions at Allbirds

In other news, CEO Joseph Vernachio sold 2,367 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $12.00, for a total value of $28,404.00. Following the completion of the sale, the chief executive officer now directly owns 43,536 shares of the company’s stock, valued at $522,432. This trade represents a 5.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 45.50% of the company’s stock.

Institutional Investors Weigh In On Allbirds

A hedge fund recently bought a new stake in Allbirds stock. Jacobs Levy Equity Management Inc. bought a new stake in Allbirds, Inc. (NASDAQ:BIRD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,730 shares of the company’s stock, valued at approximately $138,000. Jacobs Levy Equity Management Inc. owned about 0.15% of Allbirds as of its most recent filing with the Securities & Exchange Commission. 44.07% of the stock is currently owned by institutional investors and hedge funds.

About Allbirds

Allbirds, Inc manufactures and sells footwear and apparel products for men and women in the United States and internationally. The company offers a range of lifestyle and performance shoes; and apparel, including classic tees and sweats, socks, and underwear. It sells its products through its retail stores, as well as online.