Giftify, Inc. (NASDAQ:GIFT) Short Interest Update

Giftify, Inc. (NASDAQ:GIFT) saw a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 39,604 shares, a decline of 39.5% from the January 15th total of 65,485 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 79,562 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 79,562 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Giftify in a report on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Giftify Stock Performance

Shares of Giftify stock remained flat at $0.98 during midday trading on Friday. 8,211 shares of the stock were exchanged, compared to its average volume of 73,154. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.50 and a current ratio of 0.82. Giftify has a fifty-two week low of $0.85 and a fifty-two week high of $2.38. The firm has a 50 day moving average of $1.06 and a 200 day moving average of $1.07. The stock has a market capitalization of $30.19 million, a P/E ratio of -2.32 and a beta of -1.53.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Blair William & Co. IL raised its position in shares of Giftify by 150.0% during the second quarter. Blair William & Co. IL now owns 25,000 shares of the company’s stock valued at $38,000 after buying an additional 15,000 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Giftify by 62.1% in the third quarter. Susquehanna International Group LLP now owns 45,007 shares of the company’s stock valued at $48,000 after purchasing an additional 17,234 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. bought a new position in Giftify in the third quarter worth $160,000.

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.