Infobird Co., Ltd. (NASDAQ:IFBD) Short Interest Update

Infobird Co., Ltd. (NASDAQ:IFBD) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 173,403 shares, a growth of 137.4% from the May 14th total of 73,045 shares. Based on an average daily trading volume, of 213,601 shares, the days-to-cover ratio is presently 0.8 days. Currently, 4.9% of the shares of the company are short sold.

Infobird Stock Performance

NASDAQ:IFBD opened at $0.99 on Monday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.01. Infobird has a 12-month low of $0.66 and a 12-month high of $2.18. The stock has a 50-day moving average price of $0.97 and a 200 day moving average price of $0.96.

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

Wall Street Analysts Forecast Growth

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