Short Interest in Infobird Co., Ltd. (NASDAQ:IFBD) Drops By 74.5%

Infobird Co., Ltd. (NASDAQ:IFBD) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 44,156 shares, a drop of 74.5% from the May 31st total of 173,403 shares. Approximately 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 257,326 shares, the short-interest ratio is currently 0.2 days.

Infobird Stock Performance

Shares of NASDAQ:IFBD opened at $0.96 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. The company has a 50 day moving average of $0.98 and a 200-day moving average of $0.97. Infobird has a one year low of $0.66 and a one year high of $2.17.

Infobird (NASDAQ:IFBD) last announced its quarterly earnings data on Thursday, April 2nd. The company reported ($3.36) earnings per share for the quarter. The company had revenue of $2.63 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Infobird in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Infobird Company Profile

Infobird Co, Ltd. is a cloud-based communications software and services provider listed on the NASDAQ under the ticker IFBD. Headquartered in Shanghai, China, the company specializes in delivering SaaS solutions for customer engagement and contact center management. Leveraging a cloud-native architecture, Infobird’s platform enables enterprises to streamline their customer service operations by integrating voice, SMS, social media messaging and web chat channels into a unified system.

At the core of Infobird’s offerings is its iBird Cloud platform, which combines omnichannel contact center capabilities with AI-powered features such as chatbots, intelligent self-service and analytics.