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

Infobird Co., Ltd. (NASDAQ:IFBD) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 44,156 shares, a drop of 74.5% from the May 31st total of 173,403 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 257,326 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Infobird in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Infobird Price Performance

IFBD stock traded up $0.10 during trading on Monday, hitting $1.08. 32,551 shares of the company traded hands, compared to its average volume of 73,673. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.01. Infobird has a 1 year low of $0.66 and a 1 year high of $2.17. The stock’s 50-day simple moving average is $0.98 and its 200 day simple moving average is $0.97.

Infobird (NASDAQ:IFBD) last posted its earnings results on Thursday, April 2nd. The company reported ($3.36) earnings per share (EPS) for the quarter. The company had revenue of $2.63 million for the quarter.

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.