Short Interest in Giftify, Inc. (NASDAQ:GIFT) Drops By 54.9%

Giftify, Inc. (NASDAQ:GIFT) was the recipient of a large decrease in short interest in May. As of May 29th, there was short interest totaling 17,297 shares, a decrease of 54.9% from the May 14th total of 38,384 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 60,002 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a report on Wednesday, April 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Giftify has an average rating of “Sell”.

Hedge Funds Weigh In On Giftify

Hedge funds have recently modified their holdings of the stock. Susquehanna International Group LLP raised its holdings in shares of Giftify by 62.1% in the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after buying an additional 17,234 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in shares of Giftify in the 1st quarter worth approximately $100,000. Blair William & Co. IL raised its holdings in shares of Giftify by 280.0% in the 3rd quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after buying an additional 70,000 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new position in shares of Giftify in the 1st quarter worth approximately $142,000.

Giftify Price Performance

Shares of GIFT traded up $0.03 during mid-day trading on Friday, reaching $0.92. The company had a trading volume of 56,434 shares, compared to its average volume of 157,634. Giftify has a twelve month low of $0.74 and a twelve month high of $1.65. The company has a current ratio of 1.00, a quick ratio of 0.60 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average is $1.00 and its 200-day moving average is $1.01.

Giftify (NASDAQ:GIFT) last issued its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.08). Giftify had a negative return on equity of 45.87% and a negative net margin of 12.06%.The business had revenue of $21.36 million during the quarter, compared to analysts’ expectations of $20.55 million.

Giftify Company Profile

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.