Fobi AI Inc. (OTCMKTS:FOBIF) Sees Significant Drop in Short Interest

Fobi AI Inc. (OTCMKTS:FOBIF) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 3,379 shares, a drop of 55.8% from the August 31st total of 7,653 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 26,346 shares, the short-interest ratio is presently 0.1 days.

Fobi AI Stock Down 4.8%

Shares of FOBIF traded down $0.00 during midday trading on Monday, hitting $0.02. The company had a trading volume of 7,630 shares, compared to its average volume of 99,878. The stock has a market cap of $4.49 million, a price-to-earnings ratio of -1.00 and a beta of -0.05. The company’s 50 day moving average price is $0.05 and its 200 day moving average price is $0.05. Fobi AI has a 52 week low of $0.00 and a 52 week high of $0.20.

Fobi AI Company Profile

Fobi AI Inc is a Vancouver, British Columbia-based technology company that develops data intelligence and mobile-wallet solutions for businesses. Its platform is designed to help organizations distribute digital passes, including loyalty cards, coupons, tickets, memberships and identification credentials, through mobile devices.

The company’s technology is intended to connect digital wallet activity with business data, enabling organizations to engage customers, manage promotions and generate insights from transactions and other interactions.