Short Interest in Planet Image International Limited (NASDAQ:YIBO) Drops By 74.9%

Planet Image International Limited (NASDAQ:YIBO) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 75,593 shares, a decline of 74.9% from the January 15th total of 301,657 shares. Based on an average daily trading volume, of 34,351 shares, the days-to-cover ratio is currently 2.2 days. Based on an average daily trading volume, of 34,351 shares, the days-to-cover ratio is currently 2.2 days.

Hedge Funds Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. Financial Plan Inc. purchased a new stake in 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 purchased 32,000 shares of the company’s stock, valued at approximately $30,000.

Planet Image International Trading Down 5.0%

Shares of Planet Image International stock opened at $0.86 on Wednesday. Planet Image International has a 52-week low of $0.72 and a 52-week high of $2.69. The company has a 50 day moving average of $1.00 and a 200 day moving average of $1.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Planet Image International in a report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock 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.