Short Interest in Planet Image International Limited (NASDAQ:YIBO) Decreases By 20.8%

Planet Image International Limited (NASDAQ:YIBO) was the target of a significant decrease in short interest in March. As of March 13th, there was short interest totaling 105,227 shares, a decrease of 20.8% from the February 26th total of 132,828 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 12,569 shares, the days-to-cover ratio is currently 8.4 days.

Hedge Funds Weigh In On Planet Image International

An institutional investor recently bought a new position in Planet Image International stock. SmartHarvest Portfolios LLC purchased a new stake in Planet Image International Limited (NASDAQ:YIBO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Trading Down 0.9%

Shares of NASDAQ:YIBO opened at $0.95 on Friday. Planet Image International has a 52-week low of $0.72 and a 52-week high of $2.69. The business’s 50 day simple moving average is $1.00 and its two-hundred day simple moving average is $1.12.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Planet Image International currently has a consensus 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.