Planet Image International Limited (NASDAQ:YIBO) Sees Large Decline in Short Interest

Planet Image International Limited (NASDAQ:YIBO) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 5,500 shares, a decline of 37.5% from the December 31st total of 8,800 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 20,000 shares, the days-to-cover ratio is presently 0.3 days.

Planet Image International Price Performance

Planet Image International stock opened at $5.14 on Wednesday. Planet Image International has a 12 month low of $1.80 and a 12 month high of $17.47. The business’s fifty day simple moving average is $3.53 and its two-hundred day simple moving average is $3.08.

About Planet Image International

Planet Image International Limited, through its subsidiaries, manufactures and sells compatible toner cartridges on a white-label or third-party brand basis in the People's Republic of China and internationally. The company also sells branded products through online sales channels under the TrueImage, CoolToner, and AZtech brands.