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

Infobird Co., Ltd (NASDAQ:IFBD) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 74,600 shares, an increase of 8.1% from the February 29th total of 69,000 shares. Based on an average daily volume of 535,100 shares, the short-interest ratio is currently 0.1 days. Currently, 5.6% of the company’s stock are sold short.

Infobird Stock Down 0.3 %

Shares of IFBD stock opened at $3.91 on Thursday. Infobird has a 12-month low of $3.44 and a 12-month high of $516.32. The business’s fifty day simple moving average is $7.39 and its 200-day simple moving average is $11.17.

Institutional Investors Weigh In On Infobird

A hedge fund recently raised its stake in Infobird stock. Sabby Management LLC raised its holdings in Infobird Co., Ltd (NASDAQ:IFBD) by 1,991.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500,425 shares of the company’s stock after purchasing an additional 476,496 shares during the quarter. Sabby Management LLC owned 0.36% of Infobird worth $53,000 at the end of the most recent reporting period. 2.93% of the stock is currently owned by institutional investors and hedge funds.

About Infobird

Infobird Co, Ltd, through its subsidiaries, operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China. The company offers customer relationship management cloud-based services, such as SaaS and business process outsourcing services to its clients.