Allbirds, Inc. (NASDAQ:BIRD) Short Interest Update

Allbirds, Inc. (NASDAQ:BIRD) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 1,108,752 shares, a growth of 156.5% from the April 15th total of 432,322 shares. Based on an average daily volume of 6,818,654 shares, the short-interest ratio is currently 0.2 days. Currently, 18.4% of the company’s stock are sold short.

Institutional Trading of Allbirds

A number of large investors have recently added to or reduced their stakes in BIRD. Tenzing Global Management LLC purchased a new stake in Allbirds during the second quarter worth about $3,762,000. Jane Street Group LLC purchased a new position in shares of Allbirds in the fourth quarter worth about $54,000. Performa Ltd US LLC purchased a new position in shares of Allbirds in the third quarter worth about $74,000. Vanguard Group Inc. increased its stake in shares of Allbirds by 4.9% in the third quarter. Vanguard Group Inc. now owns 243,983 shares of the company’s stock worth $1,383,000 after purchasing an additional 11,459 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its stake in shares of Allbirds by 46.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock worth $143,000 after purchasing an additional 11,100 shares in the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Allbirds Stock Performance

NASDAQ BIRD traded down $0.10 during trading hours on Friday, reaching $4.41. 495,607 shares of the company were exchanged, compared to its average volume of 2,565,918. Allbirds has a 1 year low of $2.15 and a 1 year high of $24.31. The business’s 50 day simple moving average is $4.83 and its 200-day simple moving average is $4.62. The company has a quick ratio of 1.06, a current ratio of 2.02 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $38.40 million, a P/E ratio of -0.47 and a beta of 2.72.

Allbirds (NASDAQ:BIRD) last posted its quarterly earnings data on Monday, April 20th. The company reported ($2.37) earnings per share (EPS) for the quarter. Allbirds had a negative return on equity of 127.72% and a negative net margin of 50.69%.The company had revenue of $22.32 million for the quarter.

Wall Street Analysts Forecast Growth

BIRD has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Allbirds from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. Maxim Group lowered shares of Allbirds from a “buy” rating to a “hold” rating in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of Allbirds from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Allbirds presently has a consensus rating of “Reduce” and an average target price of $8.00.

Allbirds Company Profile

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.