Infobird Co., Ltd. (NASDAQ:IFBD) Short Interest Down 74.5% in June

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

Analysts Set New Price Targets

Separately, Weiss Ratings reissued 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, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Infobird Price Performance

Shares of NASDAQ:IFBD remained flat at $0.96 during trading on Friday. The stock had a trading volume of 3,951 shares, compared to its average volume of 148,652. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. Infobird has a 52-week low of $0.66 and a 52-week high of $2.17. The stock has a fifty day simple moving average of $0.98 and a 200-day simple moving average of $0.97.

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

About Infobird

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.