Short Interest in Allbirds, Inc. (NASDAQ:BIRD) Expands By 156.5%

Allbirds, Inc. (NASDAQ:BIRD) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 1,108,752 shares, a growth of 156.5% from the April 15th total of 432,322 shares. Currently, 18.4% of the shares of the company are sold short. Based on an average daily volume of 6,818,654 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BIRD. Maxim Group lowered shares of Allbirds from a “buy” rating to a “hold” rating in a research note on Wednesday, February 4th. Weiss Ratings lowered shares of Allbirds from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Allbirds from a “sell” rating to a “hold” rating in a research note on Saturday, April 18th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $8.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Performa Ltd US LLC acquired a new position in shares of Allbirds during the 3rd quarter worth approximately $74,000. Jane Street Group LLC acquired a new position in shares of Allbirds during the 4th quarter worth approximately $54,000. Susquehanna International Group LLP acquired a new position in shares of Allbirds during the 3rd quarter worth approximately $59,000. Bridgeway Capital Management LLC grew its position in shares of Allbirds by 46.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 34,931 shares of the company’s stock worth $143,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Tenzing Global Management LLC acquired a new position in shares of Allbirds during the 2nd quarter worth approximately $3,762,000. Institutional investors and hedge funds own 44.07% of the company’s stock.

Allbirds Stock Performance

BIRD traded down $0.03 on Friday, reaching $4.48. The company had a trading volume of 280,880 shares, compared to its average volume of 4,064,203. Allbirds has a fifty-two week low of $2.15 and a fifty-two week high of $24.31. The stock has a market cap of $38.99 million, a P/E ratio of -0.47 and a beta of 2.72. The company’s fifty day moving average is $4.80 and its 200 day moving average is $4.62. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.06 and a current ratio of 2.02.

Allbirds (NASDAQ:BIRD) last announced its quarterly earnings results on Monday, April 20th. The company reported ($2.37) EPS for the quarter. Allbirds had a negative net margin of 50.69% and a negative return on equity of 127.72%. The company had revenue of $22.32 million during the quarter.

Allbirds Company Profile

Allbirds, Inc is a sustainable lifestyle company specializing in environmentally friendly footwear and apparel. The company’s core business centers on designing, manufacturing, and selling shoes that leverage natural and recycled materials to minimize ecological impact. Allbirds’ product portfolio includes lifestyle sneakers, running shoes, and casual slip-ons, all engineered for comfort, durability, and low carbon footprint.

The company’s signature offerings include the Wool Runner series, crafted from New Zealand merino wool, and the Tree line, which uses eucalyptus fiber.