Planet Image International Limited (NASDAQ:YIBO) Sees Significant Growth in Short Interest

Planet Image International Limited (NASDAQ:YIBO) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 5,441 shares, an increase of 30.0% from the November 30th total of 4,184 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are short sold.

Planet Image International Trading Up 2.1%

Shares of NASDAQ:YIBO opened at $0.97 on Wednesday. Planet Image International has a 52-week low of $0.93 and a 52-week high of $17.47. The business’s 50 day simple moving average is $1.12 and its two-hundred day simple moving average is $1.30.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Planet Image International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

About Planet Image International

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.