Infobird Co., Ltd. (NASDAQ:IFBD) Sees Significant Increase in Short Interest

Infobird Co., Ltd. (NASDAQ:IFBD) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 138,094 shares, an increase of 366.4% from the January 29th total of 29,610 shares. Currently, 3.9% of the shares of the company are short sold. Based on an average daily trading volume, of 310,023 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 310,023 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.9% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Infobird in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Infobird Price Performance

IFBD stock opened at $0.98 on Thursday. The company’s 50-day moving average price is $0.94 and its 200 day moving average price is $1.02. Infobird has a 52 week low of $0.66 and a 52 week high of $2.02.

Infobird Company Profile

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.