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

Infobird Co., Ltd (NASDAQ:IFBD) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 94,600 shares, an increase of 26.1% from the September 30th total of 75,000 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average daily trading volume, of 31,000 shares, the days-to-cover ratio is currently 3.1 days.

Infobird Stock Down 0.5 %

Infobird stock traded down $0.01 during midday trading on Wednesday, hitting $1.94. The stock had a trading volume of 907 shares, compared to its average volume of 344,428. The business has a fifty day moving average price of $1.91 and a 200 day moving average price of $2.80. Infobird has a 12 month low of $1.63 and a 12 month high of $54.64.

About Infobird

Infobird Co, Ltd, through its subsidiaries, operates as a software-as-a-service (SaaS) provider of artificial intelligence (AI) enabled customer engagement solutions in the People's Republic of China. The company offers customer relationship management cloud-based services, such as SaaS and business process outsourcing services to its clients.