Planet Image International Limited (NASDAQ:YIBO) Short Interest Down 41.6% in May

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 52,583 shares, a decrease of 41.6% from the April 30th total of 89,997 shares. Based on an average daily trading volume, of 35,460 shares, the short-interest ratio is presently 1.5 days. Approximately 0.1% of the company’s stock are short sold.

Planet Image International Price Performance

Shares of Planet Image International stock opened at $0.97 on Tuesday. Planet Image International has a 52 week low of $0.63 and a 52 week high of $1.82. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The firm’s 50 day moving average is $0.99 and its two-hundred day moving average is $1.01.

Planet Image International (NASDAQ:YIBO) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The company had revenue of $40.37 million during the quarter.

Hedge Funds Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. Financial Plan Inc. bought a new position in shares of Planet Image International Limited (NASDAQ:YIBO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,000 shares of the company’s stock, valued at approximately $30,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Planet Image International in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Planet Image International presently has an average rating of “Sell”.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.