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

Infobird Co., Ltd (NASDAQ:IFBDGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 174,100 shares, a growth of 92.2% from the March 15th total of 90,600 shares. Based on an average daily trading volume, of 498,200 shares, the days-to-cover ratio is currently 0.3 days.

NASDAQ IFBD opened at $0.68 on Friday. The firm’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $1.29. Infobird has a 1 year low of $0.51 and a 1 year high of $11.25.

Several institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new stake in shares of Infobird in the 3rd quarter valued at about $441,000. Renaissance Technologies LLC acquired a new position in Infobird during the fourth quarter worth approximately $167,000. Vident Investment Advisory LLC bought a new stake in Infobird in the third quarter valued at approximately $217,000. Virtu Financial LLC lifted its position in shares of Infobird by 251.4% in the fourth quarter. Virtu Financial LLC now owns 49,167 shares of the company’s stock valued at $53,000 after buying an additional 35,174 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Infobird during the 3rd quarter worth approximately $114,000. Institutional investors own 1.46% of the company’s stock.

Infobird Company Profile (Get Rating)

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

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