Infobird Co., Ltd. (NASDAQ:IFBD) Sees Large Increase in Short Interest

Infobird Co., Ltd. (NASDAQ:IFBD) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 138,467 shares, a growth of 916.9% from the September 15th total of 13,617 shares. Currently, 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,355,266 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Infobird from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Infobird Trading Up 15.6%

IFBD stock traded up $0.13 during midday trading on Friday, hitting $0.97. The company’s stock had a trading volume of 214,191 shares, compared to its average volume of 1,315,878. Infobird has a 12 month low of $0.66 and a 12 month high of $2.17. The company has a 50 day moving average of $0.98 and a two-hundred day moving average of $1.00.

Infobird (NASDAQ:IFBD) last released its quarterly earnings data on Thursday, September 24th. The company reported ($0.94) earnings per share (EPS) for the quarter. The firm had revenue of $0.93 million for the quarter.

Infobird Company Profile

Infobird Co, Ltd. is a China-based software company that provides cloud-based customer relationship management (CRM) and customer-service solutions. Its offerings are designed to help businesses manage customer interactions, improve service operations, and use data and artificial intelligence to support customer engagement.

The company’s products and services include cloud contact-center technology, intelligent customer-service tools, CRM software, and related business-process solutions.