Short Interest in Giftify, Inc. (NASDAQ:GIFT) Decreases By 36.6%

Giftify, Inc. (NASDAQ:GIFT) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 52,175 shares, a decrease of 36.6% from the December 15th total of 82,351 shares. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 28,372 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Blair William & Co. IL increased its position in Giftify by 150.0% in the 2nd quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock valued at $38,000 after acquiring an additional 15,000 shares during the period. Susquehanna International Group LLP boosted its position in shares of Giftify by 62.1% during the 3rd quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after purchasing an additional 17,234 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. acquired a new stake in Giftify in the third quarter valued at approximately $160,000.

Giftify Stock Down 0.9%

GIFT traded down $0.01 during trading on Friday, hitting $1.09. The company had a trading volume of 54,477 shares, compared to its average volume of 50,742. The company has a market capitalization of $33.75 million, a PE ratio of -2.60 and a beta of -2.02. The firm’s 50-day moving average price is $1.08 and its 200 day moving average price is $1.09. Giftify has a one year low of $0.82 and a one year high of $2.38. The company has a quick ratio of 0.50, a current ratio of 0.82 and a debt-to-equity ratio of 0.03.

Giftify (NASDAQ:GIFT) last released its earnings results on Monday, November 10th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). Giftify had a negative net margin of 14.02% and a negative return on equity of 56.95%. The company had revenue of $18.78 million during the quarter, compared to analyst estimates of $23.40 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Giftify in a research report on Friday, January 9th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.00.

About Giftify

Giftify, Inc (NASDAQ: GIFT) is a US-based technology company specializing in digital gift solutions for businesses across retail, hospitality and corporate sectors. The company’s cloud-based platform enables brands and organizations to create, distribute and redeem e-gift cards and e-vouchers through multiple channels, including email, SMS and API integrations. By offering a turnkey solution for branded gifting campaigns, Giftify helps clients drive consumer acquisition, retention and incremental revenue.

Central to Giftify’s offering is a suite of management tools that enable real-time tracking of gift card inventory, performance analytics and customer engagement metrics.