Short Interest in Infobird Co., Ltd. (NASDAQ:IFBD) Drops By 74.5%

Infobird Co., Ltd. (NASDAQ:IFBD) was the target of a large 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 stock are sold short. Based on an average trading volume of 257,326 shares, the short-interest ratio is currently 0.2 days.

Infobird Stock Performance

Shares of NASDAQ IFBD opened at $0.96 on Friday. Infobird has a 12-month low of $0.66 and a 12-month high of $2.17. The firm’s 50-day simple moving average is $0.98 and its 200 day simple moving average is $0.97. 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 (NASDAQ:IFBD) last posted its quarterly earnings data on Thursday, April 2nd. The company reported ($3.36) earnings per share for the quarter. The business had revenue of $2.63 million for the quarter.

Wall Street Analysts Forecast Growth

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

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.