Planet Image International Limited (NASDAQ:YIBO) Sees Significant Drop in Short Interest

Planet Image International Limited (NASDAQ:YIBO) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 35,472 shares, a decrease of 39.4% from the July 30th total of 58,521 shares. Based on an average daily volume of 7,157 shares, the short-interest ratio is currently 5.0 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Planet Image International

A hedge fund recently bought a new stake in Planet Image International stock. SmartHarvest Portfolios LLC acquired a new stake in shares of Planet Image International Limited (NASDAQ:YIBO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 32,600 shares of the company’s stock, valued at approximately $31,000.

Planet Image International Stock Up 2.0%

YIBO traded up $0.03 on Monday, hitting $1.30. 342 shares of the company’s stock were exchanged, compared to its average volume of 232,902. Planet Image International has a fifty-two week low of $0.63 and a fifty-two week high of $1.82. The firm has a 50-day moving average price of $1.15 and a 200-day moving average price of $1.05. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Planet Image International in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Planet Image International has a consensus rating of “Sell”.

Planet Image International Company Profile

Planet Image International, Inc (NASDAQ: YIBO) is a provider of digital printing solutions focused on the issuance of secure identification and promotional cards. Through its PIID Solutions division, the company develops, manufactures and distributes desktop and inline card printers, consumables such as ribbons and laminates, as well as photo capture and card design software. Its offerings support a range of use cases including employee badges, student and visitor ID cards, event passes and loyalty cards.

In addition to its core hardware and consumable products, Planet Image International delivers professional services that encompass system integration, on-site installation, technical support and user training.