Giftify, Inc. (NASDAQ:GIFT) Short Interest Up 339.9% in June

Giftify, Inc. (NASDAQ:GIFT) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 76,083 shares, a growth of 339.9% from the May 31st total of 17,297 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 232,526 shares, the days-to-cover ratio is currently 0.3 days.

Giftify Price Performance

Shares of GIFT stock opened at $1.01 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.00 and a quick ratio of 0.60. The company has a market capitalization of $34.45 million, a P/E ratio of -3.16 and a beta of -1.37. The company’s 50-day simple moving average is $0.97 and its two-hundred day simple moving average is $0.99. Giftify has a one year low of $0.74 and a one year high of $1.56.

Giftify (NASDAQ:GIFT) last posted its quarterly earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter, meeting the consensus estimate of ($0.08). The firm had revenue of $21.36 million during the quarter, compared to the consensus estimate of $20.55 million. Giftify had a negative net margin of 12.06% and a negative return on equity of 45.87%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Giftify

Institutional investors and hedge funds have recently bought and sold shares of the company. Henrickson Nauta Wealth Advisors Inc. bought a new position in shares of Giftify during the 1st quarter worth $142,000. Elevation Point Wealth Partners LLC bought a new stake in shares of Giftify in the first quarter valued at about $100,000. Blair William & Co. IL lifted its stake in Giftify by 280.0% in the third quarter. Blair William & Co. IL now owns 95,000 shares of the company’s stock worth $101,000 after acquiring an additional 70,000 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock worth $48,000 after acquiring an additional 17,234 shares during the period.

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.